13. By easing up on labour laws, company heads can negotiate wages and terminate employment, depending on market conditions. Question 3: How would flexibility in labour laws help companies? Know your preparation level on MCQ Questions for Class 10 Social Science with Answers. The impact of globalisation has not been uniform as explained below : CBSE Notes. (b) Tyres Foreign Trade creates an opportunity for the producers to: (c) Sport items (a) Reach beyond their expectations Flexibility in labour laws will help companies in being competitive and progressive. Since investment is made by a foreign country it is called foreign investment. (iv) All of them 17. The past two decades of globalisation has seen rapid movements in A large MNC, designs its products in research centres in China, and then has the components manufactured in US. MNCs set up offices and factories for production in regions where they can get: Go through the following sections and find NCERT Class 10 Economics Solutions. Question 10: Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. Both the arguments have some truth as mentioned below : NCERT Solution for Class 10 Economics Chapter 5 Consumer Rights Notes for Various board students like cbse, hbse , mp board, rbse and some other boards. Removing barriers or restrictions set by the government is called: [CBSE (CCE) 2012] Many projects are going on with the help of foreign investment. What is the process of rapid integration or interconnection between countries called? (ii) The most common route for investments by MNCs in countries around the world is to (d) None of the above, 23. (a) A large company (c) 1994 (a) No effect By practicing Class 10 Economics Chapter 4 MCQ with Answers, you can score well in the exam. (b) More goods and services moving between countries. (c) of workers in the developing countries (d) None of the above. It is an example of trade barriers. [Delhi 2011] (d) 21 million, 37. (b) 150 You can also verify your answers from our provided Globalisation and the Indian Economy Class 10 MCQs Questions with Answers. (c) 139 Give reasons for your answer. (b) substantial goods and trade CBSE School Educational Study Material. MCQ Questions for Class 10 Social Science with Answers were prepared based on the latest exam pattern. (d) Restriction on Export, 11. Answer: (b) Go beyond the (d) International Company, Question 20. Moreover the domestic company has an established framework of business. We have Provided Globalisation and the Indian Economy Class 10 Economics MCQs Questions with Answers to help students understand … China provides the advantage of being a: The benefits of globalisation are shared better. Creation of special economic zones has disrupted the lives of people who are displaced such as tribals. (b) Go beyond the domestic markets Why did it wish to remove these barriers? It is Cargill. 4. It is Ford Motors. Students can download or check out Economics NCERT Class 10 Solutions in an image format. The largest producer of edible oil in India is: How would you respond to these organisations? Earlier, several developing countries had placed barriers and restrictions on imports and investments from abroad to protect domestic production. All the Class 10 History Exercise questions has been solved by expert and explained in detail as per NCERT … Question 16. (c) Foreign trade and foreign investment Information and communication technology has played a major role in spreading out: (b) Import (a) Foreign companies Trade and capital flows will increase alongside the mobility of labour. NCERT Class 10 Social Science Chapter-wise Solutions Economics. Activities of most MNCs involve substantial trade in goods and services. All these NCERT Solutions are explained in simple language and are best for quick and active learning. (c) Free Trade So, you can better your chances of scoring high marks by referring to the Class 10 Economics Chapter 4 NCERT Solution. (1) The government had put restrictions on the import of goods to protect domestic producers from foreign competition because industries were coming up in the 1950s and 1960s, and competition from imports at that stage would not have allowed these industries to come up. Access free Social Science (SST) Class 10 Understanding Economic Development – II NCERT Solutions on LearnCBSE.in. Foreign trade results in connecting the markets or integration of markets in different countries. (2) Starting around 1991, the government wished to remove the barriers due to reasons as  mentioned below : Thus, barriers to foreign trade and foreign investment were removed. Cargill is now the largest producer of edible oil in India, with a capacity to make ………… pouches daily. It has helped production of services across countries. (b) 1995 These products are supplied to the MNCs which sell them under their own brand names to the customers. All developed countries, during the early stages of development, have given protection to domestic producers through a variety of means. Benefit to the local company of joint production with MNCs is (d) none of the above (b) 129 (а) Tax barrier (b) (ii) and (iv) Answer: Question 18. (a) been rising (c) Where the availability of other factors of production is assured Which of the following was the main channel connecting distant countries was: This is closely associated with the process of ______________. 10. Companies providing services particularly in the field of information and communica­tion technologies have also benefited by globalisation. Rapid improvement in technology has been one major factor that has accelerated the ……………………… process. (b) Remote communication devices Globalisation has enabled some large Indian companies to emerge as multinationals themselves! (iv) None of the above (c) Free trade Company that owns or controls production in more than one nation (a) (i) and (ii) Some local companies that supply raw materials to MNCs have also benefited. In Economics Class 10 textbook, we will see the process of development in the Indian economy. Answer: Many small units have been shut down rendering many workers jobless. Educational Study Material. (a) Money While consumers have more choices in the market, the effect of rising _______________ and ______________has meant greater ________________among the producers. 14. It has positive as well as a negative impact. (a) of all the people Question 17. (d) Foreign investment, 21. Also, in globalisation, the domestic market opens up for foreign companies to invest in them. Many MNCs are making an investment in India in different sectors like insurance banking and food processing. (c) Go beyond the foreign markets Answer: (c) Cheap manufacturing location [Delhi, 2012] (i) The past two decades of globalisation has seen rapid movements in This solution contains questions, answers, images, explanations of the complete chapter 4 titled Globalization and the Indian Economy of Social Science (Economics) taught in class 10. was started at the initiative of which one of the following group of countries? (d) The globalisation process. (d) Than a few decades back, Question 7. From above description, it is clear that the impact of globalisation has not been uniform. Answer: (d) Shared better It has put trade barriers to foreign trade and foreign investment. (b) goods, services and investments between countries. Removing barriers or restrictions set by the government is what is known as liberalisation. (b) Globalization ……………. (d) (iii) and (iv), 39. NCERT Solutions Class 10 Social Science (Economics) Chapter 4 Globalization and the Indian Economy – Here are all the NCERT solutions for Class 10 Social Science (Economics) Chapter 4. 1. (d) 2000 NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12, Formulae Handbook for Class 10 Maths and Science, Listen to Audio Solutions for Globalisation and the Indian Economy. 7. (d) All the above. (c) Trade Barriers To get large orders, Indian exporters try hard to cut their own costs by 12. Question 27. (c) Within countries (ii) Moral and Social support Also, charges should be levied on MNCs looking to set base in developing nations. 12. 8. It was organised within countries. (c) Britannia (b) Collateral MNCs with huge wealth can quite easily do so. (a) 139 (b) World Bank NCERT Solutions for Class 12 Economics are given for the students so that they can get to know the answers to the questions in case they are not able to find it.It is important for all the students who are in Class 12 currently. CBSE Guide Economics-Globalisation class 10 Notes. All NCERT Book Solutions are given here exercise wise for Globalization and the Indian Economy. (b) Organised sector The buyers too have a choice between the goods produced in different parts of the world. Question 8. Answer: (c) Portfolio Investment Answer: (d) Trade barrier 12. (b) Footwear Question 15. (d) Mahindra and Mahindra. (c) General Motor Globalisation has led to an improvement in living conditions If you are a student of class 10 who is using NCERT Textbook to study Social Science (Economics), … (c) World Health Organisation Globalisation has enabled some large companies such as Tata Motors, Infosys to emerge as multi-national companies. What is the Advantage of Class 10 Maths NCERT Solutions Chapter 4 Provided by Vedantu? We will see the development in terms of three sectors, primary, secondary and tertiary sectors. 1. China provides the advantage of being a cheap manufacturing location. The aim of ……………………… is to liberalise international trade. Answer: (c) Foreign investment Free downloadable chapter wise NCERT solutions for class 12 Commerce Economics in PDF format to help students in homework and score good marks in … Question 5: Why do developed countries want developing countries to liberalise their trade and investment? MNCs are playing a major role in the globalisation process. (a) Liberalisation This means there is increasing ______________ with other countries. It has not been uniform. In short, revising the entire chapter becomes easy … (а) In same countries 4. With liberalisation of trade, businesses are not allowed to make decisions freely about what they wish to import or export. Question 14. NCERT Class 10 Social Science Economics Solutions: Chapter 4-Globalisation and the Indian Economy Part 3 Glide to success with Doorsteptutor material for CBSE : fully solved questions with step-by-step explanation - practice your way to success. (d) None of the above. After assuring above conditions, MNCs set up factories and offices for production. (ii) Government Some local companies in countries like India have been able to invest in newer technology and production methods. (a) lesser competition among producers. (d) All of them, 36. (d) None of the above, 9. (b) Special Economic Zones (SEZ) As a result of it new jobs have been created in developing countries. (c) Reducing electricity cost With the opening of trade, ……………………… travel from one market to another. Investment made by MNCs is called: Sometimes the producers of other countries set up joint ventures as AIG have set up joint venture in insurance sector and are selling their products in India. (c) substantial trade in goods and services Download NCERT Solutions for Class 10 Economics Chapter 1 in PDF here. (a) 18 million (a) Good area for raw materials (d) Trade barrier. (c) 20 million (d) Increasing export duties on goods. (c) And services are produced globally Answer: (c) Not been uniform Foreign trade results in connecting the markets or integration of markets in different countries. (c) Developed countries Many of the top MNCs have wealth exceeding the entire ……………………… of the developing countries. Under globalization the countries that hitherto closed to trade and foreign investment open up their economies and go global. (c) Entrepreneur’s investment (c) Liberalisation (d) 149, 34. (b) buy existing local companies. Question 29. The advantage of spreading out production across the borders by the multinationals can be truly immense. ECONOMICS- Class 10- NCERT - Chapter 4 -Globalisation and Indian Economy [PART 1] - Duration: 10:14. (c) Educated labour and other resources Appearing Students of Class 10 Exams can download MCQ on Globalisation and the Indian Economy Class 10 with Answers from here. (b) Poor countries (c) Shared between the rich and poor Free downloadable chapter wise NCERT solutions for class 11 Commerce Economics in PDF format to help students in homework and score good marks in … Until the middle of the twentieth century, production was largely organised: Students can read these Class 10 NCERT Economics Solutions for Chapter 4 and score well in Board Exams. Question 13: Choose the most appropriate option. Globalisation has also created new opportunities for companies providing services. (a) Rapid integration between countries. Solutions are in Hindi and English Medium. Question 8: How does foreign trade lead to the integration of markets across countries? [AI, 2012] Mexico and Eastern Europe have the advantage of: CBSE guide notes are the comprehensive notes which covers the latest syllabus of CBSE and NCERT. (b) Information technology Answer: Liberalisation of trade and investment policies has helped the globalisation process by making foreign trade and investment easier. Chapter 4; Chapter 5; NCERT Books Class 10 Economics PDF for free download. (c) Edible oil For a large number of small producers globalisation has posed many challenges. (a) Parakh food Answer: (a) Rich countries (b) Where there is skilled and unskilled labour available at low costs Question 2. (b) Government companies Number of workers that small industries in India employ MNCs set up production where it is: Answer: (c) Satellite Developed countries want developing countries to liberalise their trade and investment because then the MNCs belonging to the developed countries can set up factories in less-expensive developing nations, and thereby increase profits, with lower manufacturing costs and the same sale price. MNCs buy up local companies to expand production. (a) Mutual investment 16. These solutions are provided by expert teachers at IndCareer. (c) In friendly countries (а) Been uniform What do you understand by … Students looking for NCERT Solutions for Development Chapter in Economics subject of Class 10 can also download the chapter-wise PDFs. (b) Good location (c) Foreign investment (b) Credit 149 countries of the world are currently members of the WTO (2006). (iii) MNCs Barrier on foreign trade and ……………………… investment were removed to a large extent. The MNCs not only sell their finished products globally, but the goods: It is known as liberalisation. Get access to reliable NCERT Solutions for CBSE Class 10 Economics Chapter 5 Globalisation and the Indian Economy at TopperLearning. Examples of industries where production is carried out by a large number of small producers around the world (c) Not been uniform Question 28. 6. Filed Under: CBSE Class 11. Cargill Foods, a very large American MNC, has bought over smaller Indian companies such as It follows the latest instructions and guidelines announced by the NCERT. (a) Privatisation Globalization has opened the gates of various economies providing to the whole world. 14. 13. (c) Increasing import duties on goods The Indian government, after independence, had put barriers to: 13. (a) Tax on Exports Post 50 years have seen several improvements in They can also compete in markets located in other countries of the world. (b) Inter-government investment (a) Privatisation is one such organisation whose aim is to liberalise international trade Globalisation does NOT involve which one of the following? Answer: (c) Production of services across countries (b) Increasing subsidy on fertilisers Tele communication facilities have been facilitated by remote communication devices. (d) Closeness to the markets in the US and Europe. Answer: (d) Trade barriers (a) International investment (b) Asian Paints Practise with our expert solutions to find out whether globalisation has benefitted the developing countries or not. Question 3. Which one of the following type of countries has been more benefited from globalisation? Question 12. NCERT Solutions for Class 10 Economics Chapter 4- Globalisation and the Indian Economy is provided on this page. Dams are constructed and their land is submerged and the Indian Economy [ PART 1 ] - Duration:.! 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