India has highly unskilled engineers who can not understand the technical aspects of production. Answer: (b) It sets up factories where it is close to the markets. (d) Fair globalisation, 40. Answer: (b) In different countries (a) goods and raw materials NCERT Solutions for Class 10 Economics Chapter 4- Globalisation and the Indian Economy is provided on this page. Answer: (d) Shared better Tele communication facilities have been facilitated by remote communication devices. In Economics Class 10 textbook, we will see the process of development in the Indian economy. (b) Organised sector 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. Most of the workers are employed in the unorganised sector. (c) 4 million Answer: (c) substantial trade in goods and services A large part of the foreign trade is also controlled by: (b) buy existing local companies. Explain in your own words. (c) Liberalization (d) 10 years, 35. (b) In different countries 1. Cargill Foods, a large American MNC, has brought over smaller Indian companies such as: (c) Unorganised sector Students can download or check out Economics NCERT Class 10 Solutions in an image format. Class 6 CBSE Notes PDF Class 7 CBSE Notes PDF Class 8 CBSE Notes PDF Class 9 CBSE Notes PDF Class 10 CBSE Notes PDF Class 11 CBSE Notes PDF Class 12 CBSE Notes PDF. Also Read :- Class 10 Economics NCERT Solution. Rapid improvement in technology has been one major factor that has accelerated the ……………………… process. (c) Where the availability of other factors of production is assured MNCs do not bring with them the latest technology for production. (a) Terms of Trade 5. Answer: (a) been rising These investments have benefited people in a, number of ways which has resulted in the development of the country. So, you can better your chances of scoring high marks by referring to the Class 10 Economics Chapter 4 NCERT Solution. MNCs are playing a major role in: China provides the advantage of being a: (b) Toymaking (c) The people (b) greater competition among producers. NCERT Solutions for Class 10 Social Science Economics. 6. (1) Positive impact : (2) Negative impact: The impact of globalisation has been harmful too as mentioned below : Question 7: How has liberalisation of trade and investment policies helped the globalisation process? Removing barriers or restrictions set by the government is what is known as liberalisation. (c) Increased taxes on imports. Question 21. (a) Export (c) Reducing electricity cost (b) 5 years NCERT Class 10 Social Science Chapter-wise Solutions Economics. (d) They do not have to pay taxes for an initial period of five years. NCERT Solutions for Class 10 Economics Chapter 1- Development is provided on this page. (b) More goods and services moving between countries. (c) It organises production in complex ways. Question 5: Why do developed countries want developing countries to liberalise their trade and investment? (a) 1996 What do you understand by … (a) MNCs (d) Trade barrier. The Economics chapter wise exercise questions with solutions will help you to complete your class work, revise important concepts and get higher marks in Class 10 exams. (c) remained the same NCERT Solutions for Class 10 Economics Chapter 4 Globalization and the Indian Economy Globalization is nothing but the integration of an economy with the rest of the world. 3. This means there is increasing trade with other countries. (c) of workers in the developing countries Industries where small manufacturers have been hit hard due to competition. (c) Globalisation There are 13 questions in the Economics Class 10 Development Chapter. (a) IT (a) Rich countries 4. 1. (d) Socialisation, 31. Filed Under: CBSE Class 11. (d) None of the above. Question 23. 18. Foreign trade creates an opportunity for the producers to reach beyond the domestic markets. Barrier on foreign trade and ……………………… investment were removed to a large extent. (a) been rising Answer: Globalisation will continue in the future. (d) None of the above. MNCs buy up local companies to expand production. It has not been uniform. The government decided that the time had come for Indian producers to compete with producers around the globe. (d) None of the above. 10. (c) Go beyond the foreign markets Now people have choices. Need any support from our end during the preparation of Globalisation and the Indian Economy Class 10 MCQs Multiple Choice Questions with Answers then leave your comments below. (c) goods, investments and people between countries. Question 11. (c) Satellite communication devices Both goods and services are produced globally. All these solutions have been formulated by keeping in mind the latest CBSE guidelines. All NCERT Book Solutions are given here exercise wise for Globalization and the Indian Economy. MNCs provide money and latest technology for production. Some local companies that supply raw materials to MNCs have also benefited. (d) IDBI, 33. Globalisation has helped India develop as mentioned below : The globalisation, however, has hurt the country’s development as mentioned below : Question 11: Fill in the blanks. (d) Shared better. These restrictions helped to attain technological capability within the country. Answer: (d) Cargill Also, charges should be levied on MNCs looking to set base in developing nations. (d) Increasing export duties on goods. If you are a student of class 10 who is using NCERT Textbook to study Social Science (Economics), … Cargill Foods, a very large American MNC, has bought over smaller Indian companies such as [Delhi, 2012] (a) Batteries Answer: (b) Cheap labour and other resources (i) Money from MNCs for additional investments (a) Transportation technology (c) Trade This is closely associated with the process of globalisation. (b) been decreasing Students can access the NCERT MCQ Questions for Class 10 Maths Chapter 4 Quadratic Equations with Answers Pdf free download aids in your exam preparation and you can get a good hold of the chapter. 10. 8. Answer: (c) Cheap manufacturing location (c) form partnerships with local companies. 12. Answer: Liberalisation of trade and investment policies has helped the globalisation process by making foreign trade and investment easier. (a) (i) and (ii) Question 6. (d) None of the above. (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. It is controlled by MNCs, Question 4. (b) 1991 4. (d) 1990, 26. (b) Credit (iii) (d), 1. The living standard of people has increased. Answer: (c) Within countries Question 8: How does foreign trade lead to the integration of markets across countries? (d) Socialisation, 28. (d) none of the above. (d) None of the above. (b) Import [Delhi, 2012] Question 14. 5. (b) buy existing local companies. (c) In friendly countries (b) Poor countries [Foreign 2011] (b) Inter-government investment It has been rising. [Delhi, 2012] (b) Dhara (a) Globalisation 12. (a) Medicines (c) They have world-class facilities. There is one more way in which countries can be connected. (d) None of the above. While consumers have more choices in the market, the effect of rising demand and purchasing power has meant greater competition among the producers. (b) Government has allowed flexibility in labour laws. (ii) Moral and Social support Mexico and Eastern Europe have the advantage of closeness to the markets in US and Europe. Question 15. (d) All the above. However, to improve the quality of domestic goods, these countries have removed the barriers. (c) Developing countries (c) Free Trade (b) Where there is skilled and unskilled labour available at low costs (d) It employs labour only from its own country. (a) A large company (d) World Trade Organisation. 5. (a) Production of goods Question 30. They buy assets such as land, buildings, machines and other equipment. Answer: (d) Trade barriers It has collaborated with Parakh Foods. (a) Foreign companies This has improved the standard of living of people, particularly living in urban areas. The other is telling, globalisation is helping India develop. Educational Study Material. 8. MNCs have increased their investments in developing countries like India in industries such as cell-phones, automobiles, electronics, soft drinks, etc. [AI, 2012] (b) World Bank (a) Reach beyond their expectations NCERT CBSE latest book edition solutions. Here, we have provided NCERT Solutions for Class 10 Economics chapterwise that can help you while preparing your own answers. [CBSE (CCE) 2012] These solutions are provided by expert teachers at IndCareer. Which of the following are the world’s largest automobile manufacturer: NCERT Solutions for Economics Class 10 Download as PDF. (c) Educated labour and other resources (d) Maruti. 2000 crore to set up a plant near Mumbai. The result is increasing interconnectedness and integration of the economies of the world. (c) Shared between the rich and poor (c) Sundrop Question 1: What do you understand by globalisation? 14. (а) Close to the markets (iii) Latest technology for production (c) Trade Barriers (а) In same countries NCERT Solutions for Class 9 Social Science Economics Chapter 4 Food Security in India (Hindi Medium) These Solutions are part of NCERT Solutions for Class 9 Social Science in Hindi Medium.Here we have given NCERT Solutions for Class 9 Social Science Economics Chapter 4 Food Security in India. All developed countries, during the early stages of development, have given protection to domestic producers through a variety of means. WTO has forced developing countries to remove trade barriers. This has led to a deeper integration of national economies into one conglomerate whole. Rapid integration or interconnection between countries is known as (a) The government (d) (i) and (iii), 22. Number of workers that small industries in India employ Foreign trade results in connecting the markets or ……………………… of markets in different countries. (c) 4 years (d) Privatisation. (b) (ii) and (iii) 12. (c) Providing employment (c) Communication technology People are getting jobs with a handsome salary. (b) National investment By practicing Class 10 Economics Chapter 4 MCQ with Answers, you can score well in the exam. Class 10 Social Science chapter wise NCERT solution for Social Science part 1 part 2 Part 3 and Part 4 for all the chapters can be downloaded from our website and myCBSEguide mobile app for free. 8. was started at the initiative of which one of the following group of countries? (a) Than a few years back (b) Been mixed Question 4: What are the various ways in which MNCs set up, or control, production in other countries? What is the Advantage of Class 10 Maths NCERT Solutions Chapter 4 Provided by Vedantu? 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. (b) Liberalisation … (b) Making profits 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. Next Prev Home. It has helped production of services across countries. [AI, 2012] (c) General Motor Question 22. It is Cargill. Uttar Pradesh students also can download UP Board Solutions for Class 10 Maths Chapter 4 here in Hindi Medium. (b) Information technology The advantage of spreading out production across the borders by the multinationals can be truly immense. [AI 2011] is one such organisation whose aim is to liberalise international trade (c) Portfolio Investment Indian buyers have a greater choice of goods than they did two decades back. 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