Globalisation Class 10th Social Studies AP Board Solution

Class 10th Social Studies AP Board Solution

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Question 1.

What were the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?


Answer:

The barriers to foreign trade and investment are put through imposing a tax on imports.

The Indian Government had to put such trade barrier on foreign trade after Independence. this was necessary to save the producers within the country from the foreign competition. After Independence India was feeble in its economy, there was unemployment at large, and the influx of foreign goods would mean barring own nation’s development. So to boost the indigenous production the government had to take such a step.



Question 2.

How would flexibility in labor laws help companies?


Answer:

companies are the backbone of the economy. Their productions are imported and exported worldwide which boosts the economy.

The government brings flexibility in the labor laws to help companies in making profits.


1. Socioeconomic Zones are one such flexibility. These are the regions where the companies are freed from paying taxes if they set up a production unit in these areas.


2. The government eased the law of hiring workmen. The companies are allowed to hire people for short periods. This is done to reduce the cost of labor for the company.



Question 3.

What are the various ways in which MNCs set up or control production in other countries? Why do developed countries want developing countries to liberalize their trade and investment you think should the developing countries demand in return?


Answer:

The MNC’s buy up the local companies and then expand the production. The profits are shared in consensus among the companies.

The MNCs in developed countries places an order with the small producers and sell those products under their own brand name.



Question 4.

Why do developed countries want developing countries to liberalize their trade and investment? What do you think should the developing countries demand in return?


Answer:

Developed countries are advanced in terms of production. They produce items on a large scale due to the availability of machines and technology. For these products, there is a requirement of the market which is huge in the case of developing nations. Hence, they want these developing countries to liberalize their trade and investment.


Developing countries should demand the transfer of technology, protection to local products and assurance of not dumping of these goods.



Question 5.

“The impact of globalization has not been uniform.” Explain this statement.


Answer:

globalization means growing of business across the world.

The impact of globalization has been huge upon the economy of the nations but hasn’t been uniform.


a. The MNCs had been investing in sectors that bear huge profits. In India, these MNCs have been interested in investing in electronic, automobiles sectors. Due to this foreign investment, the small manufacturers have been hit hard.


b. The small industries hired the most of the laborers, but due to globalization, these laborers have become unemployed.


There also a positive impact of globalization:


a. Investment by foreign companies has increased the employment of skilled and educated workforce.


b. Many Indian companies have also set up their units across the world.



Question 6.

How has liberalization of trade and investment policies helped the process of globalization?


Answer:

Liberalisation has helped in easing the process of foreign investment and boosted the MNCs in investing in other countries. Liberalization removes the trade barriers that were imposed by the nations that deterred the companies from investing. So liberalization has spread the globalization.



Question 7.

How does foreign trade lead to the integration of markets across countries? Explain with an example other than those given in this chapter.


Answer:

Foreign trade has been the foremost factor of linking two nations. Even in past trading led to the discovery of many nations. British came to India with the lure of trading in the Indian market.

When a trade occurs goods travel from one nation to another nations’ market, competition increases in the market and choices of goods in market increases. The producers from two different countries with each other although they are separated by miles.



Question 8.

Globalization will continue in the future. Can you imagine what the world would like twenty years from now? Give reasons for your answer.


Answer:

If trade continues the way it is then after 20 years there will be more integration of markets.

1. capital flows will increase in either side of nations.


2. The competition will increase in the market, and the quality of goods will also increase. Hence this will help the consumers.


3. Migration towards other nations will increase.



Question 9.

Supposing you find two people arguing: One is saying globalization has hurt our country’s development. The other argues that globalization is helping India to develop.

How would you respond to these arguments?


Answer:

The answer to this will neither be completely positive nor negative.

the positive impact of globalization:


a. Investment by foreign companies has increased the employment of skilled and educated workforce.


b. Many Indian companies have also set up their units across the world.


There is also the negative impact of globalization:


a. The MNCs had been investing in sectors that bear huge profits. In India, these MNCs have been interested in investing in electronic, automobiles sectors. Due to this foreign investment, the small manufacturers have been hit hard.


b. The small industries hired the most of the laborers, but due to globalization, these laborers have become unemployed.



Question 10.

Fill in the blanks.

Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of __________. Markets in India are selling goods produced in many other countries. This means there is increasing ___________ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because ____________ _______ . While consumers have more choices in the market, the effect of rising ___________ and ____________has meant greater __________among the producers.


Answer:

Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ________globalisation______. Markets in India are selling goods produced in many other countries. This means there is increasing _______cooperation______ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because _of the availability of raw resources and labor.


While consumers have more choices in the market, the effect of rising foreign trade and foreign investment has meant greater competition among the producers.



Question 11.

Match the following.

(i) MNCs buy at cheap rates from small

(ii) Quotas and taxes on imports are used to

(iii) Indian companies who have

(iv) IT has helped in the spreading of

(v) Several MNCs have invested in setting

(a) Automobiles producers

(b) Garments, footwear, sports regulate trade items

(c) Call centers

(d) Tata Motors, Infosys, Ranbaxy production of services

(e) Trade barriers up factories in India for production


Answer:

(i) MNCs buy at cheap rates from small


(b) Garments, footwear, sports regulate trade items


(ii) Quotas and taxes on imports are used to


(e) Trade barriers up factories in India for production


(iii) Indian companies who have


(d) Tata Motors, Infosys, Ranbaxy production of services


(iv) IT has helped in the spreading of


(c) Call centers


(v) Several MNCs have invested in setting


(a) Automobiles producers


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