NCERT Solutions for Chapter: Globalisation and the Indian Economy, Exercise 6: LET’S WORK THESE OUT

Author:NCERT

NCERT Social Science Solutions for Exercise - NCERT Solutions for Chapter: Globalisation and the Indian Economy, Exercise 6: LET’S WORK THESE OUT

Attempt the practice questions on Chapter 4: Globalisation and the Indian Economy, Exercise 6: LET’S WORK THESE OUT with hints and solutions to strengthen your understanding. Understanding Economic Development (Social Science) solutions are prepared by Experienced Embibe Experts.

Questions from NCERT Solutions for Chapter: Globalisation and the Indian Economy, Exercise 6: LET’S WORK THESE OUT with Hints & Solutions

HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 4 - Globalisation and the Indian Economy>LET’S WORK THESE OUT>Q 1

What do you understand by liberalisation of foreign trade?

MEDIUM
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 4 - Globalisation and the Indian Economy>LET’S WORK THESE OUT>Q 2

Tax on imports is one type of trade barrier. The government could also place a limit on the number of goods that can be imported. This is known as quotas. Can you explain, using the example of Chinese toys, how quotas can be used as trade barriers? Do you think this should be used? Discuss.