ECONOMICS - Globalisation and the Indian Economy

GLOBALISATION AND THE INDIAN ECONOMY

Short Questions 1. Entry of MNCs in an international market may prove harmful for all small-scale producers. Answer...

QUESTION MARK — 3

1. How has globalisation affected the life of Indians? Explain with examples. Answer : Globalisation has contributed...

2. "Foreign trade integrates the markets in different countries." Support the statement with arguments. Answer : Inte...

3. What kind of opportunity is created by foreign trade for producers? Answer : International trade opens up a chance...

4. How do local producers get benefited from MNCs ? Answer : Sometimes, big companies from other countries team up wi...

5. What are the implications of "flexibility" in employment of workers? Answer : The idea of "flexibility" in jobs res...

6. What kind of opportunity created by foreign trade for consumers? Answer : International trade gives buyers the cha...

7. "How can the Government of India play a major role to make globalisation more fair? Explain with examples. Answer...

8. What are the characteristics of a MNC? Answer : Following are the characteristics of a MNC: i. A big company that...

9. What is globalisation? Describe the role of Multinational Corporations (MNCs) in promoting globalisation process....

10. How would flexibility in labour laws help companies? Answer : Nowadays, companies are in tough competition, and...

11. "Globalisation and greater competition among producers has been advantageous to consumers." Support the statement wi...

12. Who has benefitted the most by the globalisation? Answer : Globalization has not benefited everyone equally. Tho...

13. How has liberalisation of trade and investment policies helped the globalisation process? Answer : Liberalization...

14. Why had the Indian government put barriers to foreign trade and foreign investments after independence? Analyse the...

15. 'Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991. Justify the st...

16. How is information technology connected with globalisation It then sells ? Explain . Answer : Rapid improvement i...

17. How do Multinational Companies manage to keep the cost of production of their goods low? Explain with examples. An...

18. Explain any three steps taken by the Indian covernment to attract foreign investment. Answer : The Indian governm...

19. Which small businesses have been hit hard by the competition due to the globalisation in India? Answer : Industri...

20. What were the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did...

21. “Globalization has been advantageous to consumers as well to producers”, Support the statement with suitable exampl...

22. Explain by giving examples that Multinational Corporations (MNCs) are spreading their productions in different ways....

23. How is stability in jobs for the workers affected due to globalization? Answer : The stability in jobs for the w...

24. Rapid improvement in technology has been a major factor that has stimulated the globalisation process. Explain. OR...

25. “Fair globalization would create opportunities for all and also ensure that benefits of globalization are shared be...

26. Do the rules of WTO give fair treatment to all the countries? Answer : No. While the WTO is meant to promote free...

27. Write a short note on WTO. Answer : The World Trade Organization (WTO) is an organization that wants to make inter...

28. Describe the impact of globalisation on Indian economy with examples. Answer : Impacts of globalisation : i....

29. “The impact of globalization has not been uniform.” Explain this statement. Answer : The impact of global isolati...

30. What are the ways in which MNCs interact with local producers ? Answer : MNCs interact with local producers in th...

31. How does the Government attract foreign investment? Explain different ways. Answer : Government attracts foreig...

QUESTION MARK — 5

1. How have Indian companies benefited from globalisation ? Answer : Following are some of the ways in which Indian...

2. What are the impacts of foreign trade? Answer : Following are some of the impacts of foreign trade: i. Selling B...

3. What policy decisions were taken by the Indian government in 1991? Answer : Starting in 1991, the Indian governmen...

4. Analyse any five positive effects of globalisation on the Indian economy. Answer : The visible impacts of globali...

5. Why do developed countries want developing countries to liberalise their trade and investment? What do you think shou...

6. "The impact of globalisation has not been uniform." Explain this statement. Answer : Globalization hasn't been go...

7. What kind of challenges globalisation has presented before the small producers and workers of India? Answer : i....

8. In recent years, how our markets have been transformed? Explain with examples.  Ans. In the last few years,...