LET’S WORK THESE OUT

Author:Jharkhand Board

Jharkhand Board Social Science Solutions for Exercise - LET’S WORK THESE OUT

Simple step-by-step solutions to LET’S WORK THESE OUT questions of Globalisation and the Indian Economy from Understanding Economic Development (Social Science). Also get 3D topic explainers, cheat sheets, and unlimited doubts solving on EMBIBE.

Questions from LET’S WORK THESE OUT with Hints & Solutions

HARD
10th Jharkhand board
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 Jharkhand board
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.