{"id":4076,"date":"2016-05-06T11:49:00","date_gmt":"2016-05-06T06:19:00","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-eco-globalisation-of-indian-sector\/"},"modified":"2023-03-22T17:37:12","modified_gmt":"2023-03-22T12:07:12","slug":"ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/","title":{"rendered":"NCERT Solutions for Class 10 Social Science Economics Globalisation of Indian sector"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#NCERT_Class_10_Social_Science_Chapter-wise_Solutions\" >NCERT Class 10 Social Science Chapter-wise Solutions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Economics\" >Economics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Geography\" >Geography<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#History\" >History<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Civics\" >Civics<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#NCERT_solutions_for_Class_10_Social_Science_Economics_Globalisation_of_Indian_sector\" >NCERT solutions for Class 10 Social Science Economics Globalisation of Indian sector<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_1_What_do_you_understand_by_globalisation_Explain_in_your_own_words\" >Question 1. What do you understand by globalisation? Explain in your own words.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_2_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\" >Question 2. 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?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_3_How_would_flexibility_in_labour_laws_help_companies\" >Question 3. How would flexibility in labour laws help companies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_4_What_are_the_various_ways_in_which_MNCs_set_up_or_control_production_in_other_countries\" >Question 4. What are the various ways in which MNCs set up, or control, production in other countries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_5_Why_do_developed_countries_want_developing_countries_to_liberalise_their_trade_and_investment_What_do_you_think_should_the_developing_countries_demand_in_return\" >Question 5. Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_6_%E2%80%9CThe_impact_of_globalisation_has_not_been_uniform%E2%80%9D_Explain_this_statement\" >Question 6. \u201cThe impact of globalisation has not been uniform.\u201d Explain this statement.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_7_How_has_liberalisation_of_trade_and_investment_policies_helped_the_globalisation_process\" >Question 7. How has liberalisation of trade and investment policies helped the globalisation process?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_8_How_does_foreign_trade_lead_to_the_integration_of_markets_across_countries_Explain_with_an_example_other_than_those_given_here\" >Question 8. How does foreign trade lead to the integration of markets across countries? Explain with an example other than those given here.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_9_Globalisation_will_continue_in_the_future_Can_you_imagine_what_the_world_would_be_like_twenty_years_from_now_Give_reasons_for_your_answer\" >Question 9. Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_10_Supposing_you_find_two_people_arguing_One_is_saying_globalisation_has_hurt_our_countrys_development_The_other_is_telling_globalisation_is_helping_India_develop_How_would_you_respond_to_these_arguments\" >Question 10. Supposing you find two people arguing: One is saying globalisation has hurt our country\u2019s development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_11_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_of_While_consumers_have_more_choices_in_the_market_the_effect_of_rising_and_has_meant_greater_among_the_producers\" >Question 11. Fill in the blanks. \nIndian 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 of ______. While consumers have more choices in the market, the effect of rising ______ and ______ has meant greater ____ among the producers.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#Question_12_Match_the_following\" >Question 12. Match the following.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#NCERT_Solutions_for_Class_10_Social_Science\" >NCERT Solutions for Class 10 Social Science<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/#CBSE_app_for_Class_10\" >CBSE app for Class 10<\/a><\/li><\/ul><\/nav><\/div>\n<p><strong>NCERT Solutions for Class 10 Social Science Economics Globalisation of Indian sector Chapter 4<\/strong>\u00a0are available in PDF format for free download. These ncert book chapter wise questions and answers are very helpful for CBSE exam. CBSE recommends NCERT books and most of the questions in CBSE exam are asked from NCERT text books. Class 10 Social Science chapter textbook 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.<\/p>\n<p style=\"text-align: center;\"><strong>NCERT Solutions for\u00a0Economics Class 10\u00a0<a class=\"button\" href=\"https:\/\/mycbseguide.com\/downloads\/cbse-class-10-social-science\/1896\/ncert-solutions\/5\/\">Download as PDF<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/media-mycbseguide.s3.ap-south-1.amazonaws.com\/images\/blog\/10%20Socal%20Science%20Economics%20Book.jpg\" alt=\"NCERT solutions for Class 10 Social Science Economics Consumer rights\" width=\"113\" height=\"147\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NCERT_Class_10_Social_Science_Chapter-wise_Solutions\"><\/span>NCERT Class 10 Social Science Chapter-wise Solutions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Economics\"><\/span><strong>Economics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Development<\/li>\n<li>Sector of Indian Economy<\/li>\n<li>Money and Credit<\/li>\n<li>Globalization of Indian Sector<\/li>\n<li>Consumer Rights<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Geography\"><\/span><strong>Geography<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Resources and Development<\/li>\n<li>Forest and Wildlife Resources<\/li>\n<li>Water Resources<\/li>\n<li>Agriculture<\/li>\n<li>Minerals and Energy Resources<\/li>\n<li>Manufacturing Industries<\/li>\n<li>Lifelines of National Economy<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"History\"><\/span><strong>History<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>The Rise of Nationalism in Europe<\/li>\n<li>The Nationalist Movement in Indo China<\/li>\n<li>Nationalism in India<\/li>\n<li>The Making of a Global World<\/li>\n<li>The Age of Industrialisation<\/li>\n<li>Work Life and Leisure<\/li>\n<li>Print Culture and The Modern World<\/li>\n<li>Novels Society and History<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Civics\"><\/span><strong>Civics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Power Sharing<\/li>\n<li>Federalism<\/li>\n<li>Democracy and Diversity<\/li>\n<li>Gender Religion Caste<\/li>\n<li>Popular Struggle and Movements<\/li>\n<li>Political Parties<\/li>\n<li>Outcomes of Democracy<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"NCERT_solutions_for_Class_10_Social_Science_Economics_Globalisation_of_Indian_sector\"><\/span>NCERT solutions for Class 10 Social Science Economics Globalisation of Indian sector<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Question_1_What_do_you_understand_by_globalisation_Explain_in_your_own_words\"><\/span><strong>Question 1. What do you understand by globalisation? Explain in your own words.<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer<\/strong>: Globalisation means integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital and movement of persons across borders. Globalisation is the process of interaction and integration between people, companies, and governments worldwide. Globalization has grown due to advances in transportation and communication technology. It includes<\/p>\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>Increase in foreign trade<\/li>\n<li>Export and import of techniques of production.<\/li>\n<li>Flow of capital and finance from one country to another<\/li>\n<li>Migration of people from one country to another.<\/li>\n<\/ol>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"Question_2_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\"><\/span><strong>Question 2. 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?<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer<\/strong>: The Indian government had put barriers to foreign trade and foreign investment to protect domestic producers from foreign competition, especially when industries had just begun to come up in the 1950s and 1960s.This was done to protect the producers within the country from foreign competition. At this time, competition from imports would have been a death blow to growing industries. Hence, India allowed imports of only essential goods such as machinery, fertilizers, petroleum etc.<br \/>\nIn New Economic Policy in 1991, the government wished to remove these barriers because it felt that domestic producers were ready to compete with foreign industries. It felt that foreign competition would, in fact, improve the quality of goods produced by Indian industries. This decision was also supported by powerful international organisations. Now goods could be imported and exported easily and also foreign companies could set up factories and offices here.<\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"Question_3_How_would_flexibility_in_labour_laws_help_companies\"><\/span><strong> Question 3. How would flexibility in labour laws help companies?<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer<\/strong>: Flexibility in labour laws will help companies in being competitive and progressive. By easing up on labour laws, company heads can negotiate wages and terminate employment, depending on market conditions. This will lead to an increase in the company&#8217;s competitiveness. The government has also allowed flexibility in labour laws to attract foreign investment. The government has allowed companies to ignore many of the labour laws. Instead of hiring workers on a regular basis, companies hire workers flexibly for short periods when there is intense pressure of work. This helps to reduce the cost of labour for the company.<\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"Question_4_What_are_the_various_ways_in_which_MNCs_set_up_or_control_production_in_other_countries\"><\/span><strong> Question 4. What are the various ways in which MNCs set up, or control, production in other countries?<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer:<\/strong> Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get the desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions MNCs set up production units in the following ways :<\/p>\n<ul>\n<li>MNCs are setting up partnerships with local companies.<\/li>\n<li>Buy the local companies and then expand its production with the help of modern technology.<\/li>\n<li>They place orders for small producers and sell these products under their own brand name to the customers worldwide.<\/li>\n<li>MNCs are taking over local companies with their immense money power.<\/li>\n<li>Through the above ways, MNC&#8217;s are exerting a strong influence on production at distant locations.<\/li>\n<\/ul>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"Question_5_Why_do_developed_countries_want_developing_countries_to_liberalise_their_trade_and_investment_What_do_you_think_should_the_developing_countries_demand_in_return\"><\/span><strong> Question 5. Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer<\/strong>: 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. Suppose the Indian government puts a tax on imported goods, then the price of the goods will be higher for the consumer. As a result, the consumer will prefer to buy goods produced locally. Consequently, there will be no demand for imported goods and developed countries will not able to sell their goods in developing countries.<br \/>\nIn return for liberalisation of trade laws, the producer in developing countries are demanding &#8216;fair trade&#8217;. The developing countries should demand, in return, for some manner of protection of domestic producers against competition from imports. Also, charges should be levied on MNCs looking to set base in developing nations.MNC&#8217;s setting up their bases in developing countries should also be compelled to work for the development of the country.<\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"Question_6_%E2%80%9CThe_impact_of_globalisation_has_not_been_uniform%E2%80%9D_Explain_this_statement\"><\/span><strong> Question 6. \u201cThe impact of globalisation has not been uniform.\u201d Explain this statement.<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer<\/strong>: The impact of globalisation has not been uniform&#8221;. It has only benefited the skilled and professional person in urban not the unskilled persons. The industrial and service sector has much gained in globalisation than in agriculture. Some have gained from successful collaborations with foreign companies. It benefited MNCs on domestic producers and the industrial working class. The consumers, particularly the well-off sections in the urban areas have an advantage in the way that they have a greater choice and now enjoy the improved quality and lower prices for several goods. Small producers of goods such as batteries, capacitors, plastics, toys, tyres, dairy products and vegetable oil have been hit hard by competition from cheaper imports.<\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"Question_7_How_has_liberalisation_of_trade_and_investment_policies_helped_the_globalisation_process\"><\/span><strong> Question 7. How has liberalisation of trade and investment policies helped the globalisation process?<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer<\/strong>: Liberalisation of trade and investment policies has helped the globalisation process by making foreign trade and investment easier. Earlier, several developing countries had placed barriers and restrictions on imports and investments from abroad to protect domestic production. However, to improve the quality of domestic goods, these countries have removed the barriers. Import duties have been reduced, measures are been taken to ease the flow of foreign capital into the country, entry by foreign companies to set up base eased and encouraged and Foreign direct investment and foreign funds encouraged to flow in.<br \/>\nThus, liberalization has led to a further spread of globalisation because now businesses are allowed to make their own decisions on imports and exports. This has led to a deeper integration of national economies into one conglomerate whole. Thus greater foreign investment and greater foreign trade resulted in the mushrooming of MNCs, which in turn resulted in globalisation.<\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"Question_8_How_does_foreign_trade_lead_to_the_integration_of_markets_across_countries_Explain_with_an_example_other_than_those_given_here\"><\/span><strong> Question 8. How does foreign trade lead to the integration of markets across countries? Explain with an example other than those given here.<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer:<\/strong> Foreign trade provides opportunities for both producers and buyers to reach beyond the markets of their own countries. Goods travel from one country to another. Competition prevails among producers of various countries as well as buyers across the world. Therefore foreign trade leads to the integration of markets across countries.<br \/>\nFor example during Diwali season buyers in India have the option of choosing between Indian and Chinese decorative lights and bulbs. This provides an opportunity for the sellers to expand their business. With the liberalisation of foreign trade, electronic goods like digital cameras, laptop, smartphones have flooded the Indian market and give good opportunities to the buyer to select the item of their choice.<\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"Question_9_Globalisation_will_continue_in_the_future_Can_you_imagine_what_the_world_would_be_like_twenty_years_from_now_Give_reasons_for_your_answer\"><\/span><strong> Question 9. Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer<\/strong> Twenty years down the line the world would undergo a positive change which will possess the following features\u2014 healthy competition, improved production efficiency, increased volume of output, income, and employment, better living standards, greater availability of information and modern technology.<br \/>\nThese are the favorable factors for globalisation :<\/p>\n<ul>\n<li>Availability of human resources both quantity wise and quality wise will increase.<\/li>\n<li>Broad resource and industrial base of major countries.<\/li>\n<li>Growing entrepreneurship.<\/li>\n<li>Growing domestic market.<\/li>\n<li>Expanding internal markets<\/li>\n<li>Economic liberalisations.<\/li>\n<li>Growing competition.<\/li>\n<\/ul>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"Question_10_Supposing_you_find_two_people_arguing_One_is_saying_globalisation_has_hurt_our_countrys_development_The_other_is_telling_globalisation_is_helping_India_develop_How_would_you_respond_to_these_arguments\"><\/span><strong>Question 10. Supposing you find two people arguing: One is saying globalisation has hurt our country\u2019s development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer<\/strong>: Benefits of globalisation of India are as follows:<\/p>\n<ul>\n<li>Increase in the volume of trade in goods and services<\/li>\n<li>The inflow of private and foreign capital and export orientation of the economy.<\/li>\n<li>Increase the volume of output, income, and employment.<\/li>\n<li>More availability of investable funds in the form of FDI.<\/li>\n<li>Helps in developing and strengthening the domestic economy of India.<\/li>\n<li>Improved productive efficiency and healthy competition.<\/li>\n<\/ul>\n<p>Negative Impact\/Fears of Globalisation on Indian economy:<\/p>\n<ul>\n<li>It may not help in achieving sustainable growth.<\/li>\n<li>It may lead to the widening of income inequalities among people of the country.<\/li>\n<li>It may lead to aggravation of income inequalities within countries.<\/li>\n<li>It may lead to greater dependence of the underdeveloped countries on devoloped country.<\/li>\n<\/ul>\n<p>Whatever may be the fears of globalisation, I feel that it has now become a process which is catching the fancy of more and more nations. Therefore we must become ready to accept globalisation with grace and also maximize economic gains from the world market.<\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"Question_11_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_of_While_consumers_have_more_choices_in_the_market_the_effect_of_rising_and_has_meant_greater_among_the_producers\"><\/span><strong> Question 11. Fill in the blanks.<\/strong><br \/>\nIndian 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 of ______. While consumers have more choices in the market, the effect of rising ______ and ______ has meant greater ____ among the producers.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Answer: <\/strong>Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of <u>globalisation<\/u>. Markets in India are selling goods produced in many other countries. This means there is increasing <u>trade<\/u> 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 <u>of cheaper production costs<\/u>. While consumers have more choices in the market, the effect of rising <u>demand<\/u> and <u>purchasing<\/u> power has meant greater <u>competition<\/u> among the producers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Question_12_Match_the_following\"><\/span><strong>Question 12. Match the following.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table class=\"mobile\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>(i)<\/strong><\/td>\n<td>MNCs buy at cheap rates from small producers<\/td>\n<td><strong>(a)<\/strong><\/td>\n<td>Automobiles<\/td>\n<\/tr>\n<tr>\n<td><strong>(ii)<\/strong><\/td>\n<td>Quotas and taxes on imports are used to regulate trade<\/td>\n<td><strong>(b)<\/strong><\/td>\n<td>Garments, footwear, sports items<\/td>\n<\/tr>\n<tr>\n<td><strong>(iii)<\/strong><\/td>\n<td>Indian companies who have invested abroad<\/td>\n<td><strong>(c)<\/strong><\/td>\n<td>Call centres<\/td>\n<\/tr>\n<tr>\n<td><strong>(iv)<\/strong><\/td>\n<td>IT has helped in spreading of production of services<\/td>\n<td><strong>(d)<\/strong><\/td>\n<td>Tata Motors, Infosys, Ranbaxy<\/td>\n<\/tr>\n<tr>\n<td><strong>(v)<\/strong><\/td>\n<td>Several MNCs have invested in setting up factories in India for production<\/td>\n<td><strong>(e)<\/strong><\/td>\n<td>Trade barriers<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Answer<\/strong> :<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>(i)<\/strong><\/td>\n<td>MNCs buy at cheap rates from small producers<\/td>\n<td><strong>(b)<\/strong><\/td>\n<td>Garments, footwear, sports items<\/td>\n<\/tr>\n<tr>\n<td><strong>(ii)<\/strong><\/td>\n<td>Quotas and taxes on imports are used to regulate trade<\/td>\n<td><strong>(e)<\/strong><\/td>\n<td>Trade barriers<\/td>\n<\/tr>\n<tr>\n<td><strong>(iii)<\/strong><\/td>\n<td>Indian companies who have invested abroad<\/td>\n<td><strong>(d)<\/strong><\/td>\n<td>Tata Motors, Infosys, Ranbaxy<\/td>\n<\/tr>\n<tr>\n<td><strong>(iv)<\/strong><\/td>\n<td>IT has helped in spreading of production of services<\/td>\n<td><strong>(c)<\/strong><\/td>\n<td>Call centres<\/td>\n<\/tr>\n<tr>\n<td><strong>(v)<\/strong><\/td>\n<td>Several MNCs have invested in setting up factories in India for production<\/td>\n<td><strong>(a)<\/strong><\/td>\n<td>Automobiles<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"NCERT_Solutions_for_Class_10_Social_Science\"><\/span>NCERT Solutions for Class 10 Social Science<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NCERT Solutions Class 10\u00a0Social Science PDF (Download) Free from myCBSEguide app and myCBSEguide website. Ncert solution class 10 Social Science includes text book solutions from part 1 and part 2 part 3 and part 4. NCERT Solutions for CBSE Class 10 Social Science have total 27 chapters. 10 Social Science NCERT Solutions in PDF for free Download on our website. Ncert Social Science class 10 solutions PDF and Social Science ncert class 10 PDF solutions with latest modifications and as per the latest CBSE syllabus are only available in myCBSEguide.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_app_for_Class_10\"><\/span>CBSE app for Class 10<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To download\u00a0NCERT Solutions for class 10 Social Science, Computer Science, Home Science,Hindi ,English, Maths Science do check myCBSEguide app or website. myCBSEguide provides sample papers with solution, test papers for chapter-wise practice, NCERT solutions, NCERT Exemplar solutions, quick revision notes for ready reference, CBSE guess papers and CBSE important question papers. Sample Paper all are made available through\u00a0<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide&amp;referrer=utm_source%3Dmycbse_bottom%26utm_medium%3Dtext%26utm_campaign%3Dmycbseads\"><strong>the best app for CBSE students<\/strong><\/a>\u00a0and myCBSEguide website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NCERT Solutions for Class 10 Social Science Economics Globalisation of Indian sector Chapter 4\u00a0are available in PDF format for free download. These ncert book chapter wise questions and answers are very helpful for CBSE exam. CBSE recommends NCERT books and most of the questions in CBSE exam are asked from NCERT text books. Class 10 &#8230; <a title=\"NCERT Solutions for Class 10 Social Science Economics Globalisation of Indian sector\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/ncert-solutions-for-class-10-social-science-economics-globalisation-of-indian-sector\/\" aria-label=\"More on NCERT Solutions for Class 10 Social Science Economics Globalisation of Indian sector\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":30090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[281,1368],"tags":[1044,283,438,216,261],"class_list":["post-4076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ncert-solutions","category-social-science-cbse-class-10","tag-cbse-class-10-social-science","tag-cbse-study-material","tag-class-10","tag-ncert-solutions","tag-social-science"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NCERT solutions for Class 10 Social Science Economics Globalisation of Indian sector<\/title>\n<meta name=\"description\" content=\"NCERT solutions for Class 10 Social Science Economics Globalisation of Indian sector in PDF format for free download. 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