These restrictions helped to attain technological capability within the country. (c) Go beyond the foreign markets 13. Question 18. Markets in India are selling goods produced in many other countries. Question 2. Question 12. (b) goods, services and investments between countries. (iii) MNCs Among producers and workers, the impact of globalisation has been uniform. (c) Liberalization 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. (c) Multinational companies 14. It has put trade barriers to foreign trade and foreign investment. ECONOMICS- Class 10- NCERT - Chapter 4 -Globalisation and Indian Economy [PART 1] - Duration: 10:14. 12. Answer: (c) Foreign investment (a) Raw materials and good food (c) goods, investments and people between countries. They are successful in raising their production standards. Question 3. (b) Remote communication devices Mexico and Eastern Europe have the advantage of closeness to the markets in US and Europe. [CBSE (CCE) 2012] 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. Cargill Foods, a very large American MNC, has bought over smaller Indian companies such as (d) none of the above Download NCERT Solutions for Class 10 Economics Chapter 1 in PDF here. Download NCERT Solutions for Class 10 Economics, Get free Class 10 Economics solutions for questions for all chapters in Class 10 Economics solved by best teachers as per latest NCERT (CBSE) book syllabus and guidelines. (c) Liberalisation All the above factors are beneficial of MNCs, Question 25. (c) Unorganised sector Trade and capital flows will increase alongside the mobility of labour. Check the below NCERT MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers Pdf free download. (b) Government has allowed flexibility in labour laws. (c) WTO The result is increasing interconnectedness and integration of the economies of the world. Also, in globalisation, the domestic market opens up for foreign companies to invest in them. (a) No effect 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. Activities of most MNCs involve substantial trade in goods and services. 8. (b) of people in developed countries (c) substantial trade in goods and services We’ll revert back to you soon. On this page, we are providing free NCERT Solutions of Class 10 Economics Chapter 4. Number of workers that small industries in India employ (b) Amul As a result, production in these widely dispersed locations is getting interlinked. (b) Maruti Company that owns or controls production in more than one nation Foreign trade results in connecting the markets or integration of markets: (a) Reducing cost of raw materials (b) Import and export (d) None of the above. China provides the advantage of being a cheap manufacturing location. (b) Increasing investment (c) Suffering losses For a long time foreign trade has been the main channel connecting countries. Download entire book or each chapter in pdf, click on the below links to access books for Economics Class 10 based on syllabus and guidelines issued by CBSE and NCERT. NCERT Class 10 Social Science Chapter-wise Solutions Economics. (d) 55 million, 24. (c) Developed countries (d) Free trade, 8. (c) Cheap manufacturing location 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. What do you think should the developing countries demand in return? (d) 10 years, 35. NCERT Solutions for Class 10th: Ch 4 Globalisation and the Indian Economy Economics Social Studies (S.St) Page No: 72 Excercises 1. Tax on imports is an example of: (а) Tax barrier Question 10. Many MNCs are making an investment in India in different sectors like insurance banking and food processing. NCERT CBSE latest book edition solutions. The impact of globalisation has not been uniform as explained below : (d) Fair globalisation, 40. (b) 19 million Besides, it makes trade between countries easier. 2. You can also verify your answers from our provided Globalisation and the Indian Economy Class 10 MCQs Questions with Answers. (b) Where there is skilled and unskilled labour available at low costs 12. Some local companies in countries like India have been able to invest in newer technology and production methods. (a) Toyota (d) World Trade Organisation. 13. Removing barriers or restrictions set by the government is what is known as liberalisation. (d) None of the above. The books can be downloaded in pdf format. (b) World Bank (d) None of the above, 23. Question 14. (a) Privatisation Here, we have provided NCERT Solutions for Class 10 Economics chapterwise that can help you while preparing your own answers. Foreign Trade creates an opportunity for the producers to: (b) Liberalisation 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. MNCs set up production on the basis of the following factors : Availability of skilled and unskilled labour at low costs. (i) Money from MNCs for additional investments (d) All of them, 25. (a) Money Answer: (d) The globalisation process Barrier on foreign trade and ……………………… investment were removed to a large extent. 17. Educational Study Material. (b) greater competition among producers. 10. (c) They have world-class facilities. (d) Trade barrier. Liberalisation involves which one of the following? Information and communication technology has played a major role in spreading out: (a) Parakh Foods (a) MNCs (a) Liberalisation (b) Good area for MNCs (a) 1996 Globalisation has also created new opportunities for companies providing services. Trade was the main channel connecting distant countries. MNCs set up offices and factories for production in regions where they can get: (а) Been uniform is one such organisation whose aim is to liberalise international trade Some local companies that supply raw materials to MNCs have also benefited. 18. (d) Garments, 2. Rapid integration or interconnection between countries is known as (c) Closeness to the markets in US and Russia (b) Poor countries The competition among the producers bring them closer to each other. Answer: (a) been rising (a) Transportation technology (c) Dairy Products The most common route for investments by MNCs in countries around the world is to (d) None of the above. (а) Remote connection devices Appearing Students of Class 10 Exams can download MCQ on Globalisation and the Indian Economy Class 10 with Answers from here. Read the best answers to sore high in your school and board examinations. Students looking for NCERT Solutions for Development Chapter in Economics subject of Class 10 can also download the chapter-wise PDFs. (d) (i) and (iii), 22. This will lead to an increase in the company’s competitiveness. Indian buyers have a greater choice of goods than they did two decades back. Answer: (b) Go beyond the These solutions are explained in detail so that students can easily understand them. [Delhi, 2012] (a) A large company It has positive as well as a negative impact. Question 6: “The impact of globalisation has not been uniform.” Explain this statement. (c) 1992 Question 22. People are getting jobs with a handsome salary. Question 4: What are the various ways in which MNCs set up, or control, production in other countries? Benefit to the local company of joint production with MNCs is MCQ Questions for Class 10 Social Science with Answers. (ii) Moral and Social support (d) 149, Question 13. 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. (d) It employs labour only from its own country. Answer: Effect of Chinese toys on Indian toymakers is (c) form partnerships with local companies. (i) (b) (b) International Monetary Fund (b) Foreign investment If you have any doubts, please comment below. (b) 150 With the opening of trade, ……………………… travel from one market to another. Free downloadable chapter wise NCERT solutions for class 12 Commerce Economics in PDF format to help students in homework and score good marks in … 10:14. Who … MNCs are playing a major role in: MNCs provide money and latest technology for production. As the small industries in India employ the largest number of workers (20 million) in the country, next only to agriculture, it has hurt the development. We hope the NCERT Solutions for Class 10 Social Science Economics Chapter 1 Development help you. (b) Liberalisation (b) 129 Foreign trade results in connecting the markets or integration of markets in different countries. 7. 15. (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. Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Free downloadable chapter wise NCERT solutions for class 11 Commerce Economics in PDF format to help students in homework and score good marks in … (d) Maruti. What is the process of rapid integration or interconnection between countries called? These solutions are provided by expert teachers at IndCareer. Around which year, need for removing barriers on foreign trade and foreign investment in India was felt ? (d) Developing countries, 3. WTO rules have forced the developing countries to remove: (b) Toymaking Why did it wish to remove these barriers? (b) Special Economic Zones (SEZ) (b) Increasing subsidy on fertilisers (c) National Company Primary Sidebar. Globalisation has led to an improvement in living conditions Information and communication technology has played a major role in spreading out production of ……………………… . (а) Close to the markets 19. (d) None of the above. In India most of the workers are employed in the: Investment made by MNCs are termed as: [CBSE (CCE)2012] Both goods and services are produced globally. (c) Reducing electricity cost To get large orders, Indian exporters try hard to cut their own costs by (b) Liberalisation (c) 20 million Chapter 4; Chapter 5; NCERT Books Class 10 Economics PDF for free download. (c) Shared between the rich and poor (b) Asian Paints (d) Privatisation. (d) Cement, 6. By easing up on labour laws, company heads can negotiate wages and terminate employment, depending on market conditions. Class 6 NCERT … 5. (ii) (b) (c) Sundrop NCERT-Solutions.com try to provide online tutoring for you. Many small units have been shut down rendering many workers jobless. In Economics Class 10 textbook, we will see the process of development in the Indian economy. Removing barriers or restrictions set by the government is known as: (a) Good area for raw materials (b) Tax on Imports (a) Globalisation (d) 2000 It has been facilitated by satellite communication devices. By practicing Class 10 Economics Chapter 4 MCQ with Answers, you can score well in the exam. 11. Question 23. (b) In different countries Page 72: Question 10: Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. (b) In different countries MNCs are investing in India because _____________. If you are a student of class 10 who is using NCERT Textbook to study Social Science (Economics), … (i) The past two decades of globalisation has seen rapid movements in (b) National investment (b) Information technology Foreign trade results in connecting the markets or ……………………… of markets in different countries. China provides the advantage of being a cheap manufacturing location. MNCs buy up local companies to expand production. In addition to goods, services, investments, and technology, there is a movement of people who move from one country to another in search of better income, better jobs or better education. 6. 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. (a) Are sold throughout the world Which one of the following organisations lays stress on liberalisation of foreign trade and foreign investment? Globalisation is the process of rapid integration or inter connecting between countries. (c) Free Trade (c) (iii) and (iv) Question 9. (a) Mutual investment There are 13 questions in the Economics Class 10 Development Chapter. Vedantu doesn’t leave any question or concept that is important for the exams. (d) None of the above. (d) Movement of people between countries for jobs, education etc. Foreign trade creates an opportunity for the producers to reach beyond the domestic markets. Question 15. Tax on imports is an example of export barrier. Thus, liberalisation has led to a further spread of globalisation because now businesses are allowed to make their own decisions on imports and exports. Post 50 years have seen several improvements in (a) 6 million Fair globalisation would create opportunities for all, and also ensure that the benefits of globalisation are: Question 3: How would flexibility in labour laws help companies? Answer: (b) Ford Motors (b) Collateral [Foreign 2011] 6. Question 26. Cargill foods is the largest producer of which of the following in India? This is closely associated with the process of ______________. (c) of workers in the developing countries (a) (i) and (ii) (a) Shared between the rich There is one more way in which countries can be connected. 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(c) It organises production in complex ways. Here you can get free NCERT Solutions for Class 10 Social Science, Economics of Chapter 4 Globalization and the Indian Economy. (a) 119 (a) goods, services and people between countries. 12. Question 5: Why do developed countries want developing countries to liberalise their trade and investment? Answer: (c) Unorganised sector How would you respond to these organisations? (d) Trade barriers. Next Prev Home. 9. Similar is the case in services like data entry, accounting, administrative tasks and engineering. The buyers too have a choice between the goods produced in different parts of the world. It felt that competition would improve the performance of producers within the country since they would have to improve their quality. They can also compete in markets located in other countries of the world. (a) They do not have to pay taxes for long period. Give reasons for your answer. (d) None of them, 27. Activities of most MNCs involve substantial trade in goods and services. 1. (d) All the above factors, Answer: (d) All the above factors Which one of the following is not characteristic of ‘Special Economic Zone’? (b) Globalization (d) Foreign Trade, 3B Removing barriers or restrictions set by the government is known as (d) Restriction on Export, 11. In short, revising the entire chapter becomes easy … (c) Providing employment (a) Milk food Producers can sell their products in the markets of their own country as well as in other countries all over the world. (d) None of the above. 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. It is an example of trade barriers. As a result of it new jobs have been created in developing countries. Answer: 4. 15. (d) None of the above. (c) Communication technology Also Read :- Class 10 Economics NCERT Solution. The solutions for Economics Class 10 NCERT Solutions Chapter 4 have been drafted by keeping in mind the needs of students during examinations. (a) Rich countries It enables the consumer to buy according to his requirement. The government reduced taxes on imported goods, and encour­aged investors from abroad to invest in India. (c) Foreign investment (d) All the above. It is controlled by MNCs, Question 4. Question 27. (b) Globalisation The advantage of spreading out production across the borders by the multinationals can be truly immense. After assuring above conditions, MNCs set up factories and offices for production. Answer: (c) substantial trade in goods and services Mexico and Eastern Europe have the advantage of: Flexibility in labour laws will help companies in being competitive and progressive. The number of countries that are currently members of the WTO are: MNCs are playing a major role in the globalisation process. Question 6. Twenty years from now, the world will be more globally connected and integrated into one international economy, if this process continues on a fair and equitable basis. Removal of barriers set by the government is known as [CBSE(CCE)2012] Students can download or check out Economics NCERT Class 10 Solutions in an image format. 1. A large MNC, designs its products in research centres in China, and then has the components manufactured in US. (c) 139 Production in widely dispersed locations is getting ……………………… . While consumers have more choices in the market, the effect of rising demand and purchasing power has meant greater competition among the producers. Until the middle of the twentieth century, production was largely organised: (b) Footwear (d) Developed countries, 7. 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Answer: (c) Not been uniform Question 13: Choose the most appropriate option. It has a capacity to make 5 million pouches daily. (a) goods, services and people between countries. Question 11. (iii) Latest technology for production 4. (b) 1991 Question 8: How does foreign trade lead to the integration of markets across countries? (b) Shared between the poor (a) Batteries (ii) The most common route for investments by MNCs in countries around the world is to There is by movement of ……………………… . (c) Increasing import duties on goods ……………………… trade creates an opportunity for the producers to reach beyond the domestic markets. Which one of the following type of countries has been more benefited from globalisation? 6. (d) 1990, 26. ……………. (d) None of the above. (c) Sport items This is closely associated with the process of globalisation. What is the Advantage of Class 10 Maths NCERT Solutions Chapter 4 Provided by Vedantu? Cargill is now the largest producer of edible oil in India, with a capacity to make ………… pouches daily. 12. People usually move from one country to another in search of better jobs, better income or better education. We will see the development in terms of three sectors, primary, secondary and tertiary sectors. 14. It is Ford Motors. So, you can better your chances of scoring high marks by referring to the Class 10 Economics Chapter 4 NCERT Solution. Download NCERT Books for Class 10 Economics for 2021. (a) Terms of Trade (a) UNICEF (c) World Health Organisation Students can find the chapter wise answers to all the questions in NCERT Solutions for Class 10 Economics. It refers to globalisation which creates opportunities for all and ensures that its benefits are better shared. (a) Globalisation (iv) None of the above (d) none of the above. Which of the following are the world’s largest automobile manufacturer: (d) Mahindra and Mahindra. (c) The people (b) 1995 (c) Than a few centuries back 7. However, to improve the quality of domestic goods, these countries have removed the barriers. Answer: (b) In different countries Answers to all exercises are provided in details. Some MNCs start as an independent entity right from the beginning. CBSE Class 10 Economics Chapter 4 Globalisation and Indian Economy NCERT Solutions Globalisation refers to the process of collaboration and integration of government or companies worldwide. Companies who set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of Know your preparation level on MCQ Questions for Class 10 Social Science with Answers. Answer: (b) Cheap labour and other resources (a) goods and raw materials (c) In friendly countries (c) Britannia (a) Rapid integration between countries. Answer: (d) Closeness to the markets in the US and Europe 10. Moreover the domestic company has an established framework of business. The MNCs decide their price, quality, delivery, and labour conditions for these distant producers. Question 1. (b) MNC W.T.O. [AI, 2012] (d) IDBI, 33. Tax on imports is an example of ……………………… barrier. Answer: (d) Shared better 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. 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. With the closing of trade, goods travel from one market to another. communication devices 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. Foreign investments by MNCs in many countries have: (d) They do not have to pay taxes for an initial period of five years. was started at the initiative of which one of the following group of countries? Answer: (d) Cargill domestic markets (а) In same countries While some of the MNCs produce entirely for the local market, many others produce for the exports markets. (a) set up new factories. All countries in the world should liberalise their policies. (d) none of the above. Companies providing services particularly in the field of information and communica­tion technologies have also benefited by globalisation. Solutions are in Hindi and English Medium. (b) Organised sector Answer: Question 9: Globalisation will continue in the future. MNCs set up, or control, production in other countries in the following ways : Thus we see that there are a variety of ways in which MNCs are spreading their production and interacting with local producers in various countries across the globe. Answer: To achieve the goal of fair globalisation, a major role can be played by Chapter 2: Sectors Of The Indian Economy Chapter 3: Money And Credit Chapter 4: Globalisation And The Indian Economy Chapter 5: Consumer Rights Class 10 Economics NCERT Solutions PDF for free download. Answer: (d) Trade barriers (a) Medicines NCERT Solutions for Class 11 Economics Statistics for Economics Chapter 4 Presentation of Data (Hindi Medium) ... Hope given Statistics for Economics Class 11 Solutions Chapter 4 are helpful to complete your homework. (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? India had attained technological capability. Investment made by MNCs is called: (a) Than a few years back (b) It sets up factories where it is close to the markets. (a) IT (d) None of the above. (a) Garments China provides the advantage of being a: 1. (c) Satellite communication devices [CBSE (CCE) 2012] Question 24. Uttar Pradesh students also can download UP Board Solutions for Class 10 Maths Chapter 4 here in Hindi Medium. … Here we are providing the solutions to all the chapters of NCERT Economics Class 12 Textbook for the students. Question 30. (a) Tax on Exports (b) 5 years (b) Production of raw materials across countries Allowing private sector to set up more and more of such industries as were previously reserved for the public sector. NCERT Solutions for Class 10 Economics Textbook. 3. It was organised within countries. Besides the movement of goods, services, investment etc. All these solutions have been formulated by keeping in mind the latest CBSE guidelines. (c) Edible oil Answer: (d) None of the above 15. Question 17. (c) Free trade (c) Trade These investments have benefited people in a, number of ways which has resulted in the development of the country. (d) None of the above. Consumer : Consumer is the one who pays a price for a commodity or service and uses it. Answer: (c) And services are produced globally Students can read these Class 10 NCERT Economics Solutions for Chapter 4 and score well in Board Exams. It follows the latest instructions and guidelines announced by the NCERT. NCERT Solutions for Class 10 Economics Chapter 4- Globalisation and the Indian Economy is provided on this page. (a) 18 million (ii) Government 14. Ncert Tutorial 83,083 views. 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