What do you understand by liberalisation of foreign trade?

Important Questions on Globalisation and the Indian Economy

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.

HARD

10th CBSE

IMPORTANT

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

What do you think can be done so that trade between countries is fairer?

HARD

10th CBSE

IMPORTANT

Understanding Economic Development (Social Science)>Chapter 4 - Globalisation and the Indian Economy>LET’S WORK THESE OUT>Q 3

In the above example, we saw that the US government gives massive sums of money to farmers for production. At times, governments also give support to promote production of certain types of goods, such as those which are environmentally friendly. Discuss whether these are fair or not.

HARD

10th CBSE

IMPORTANT

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

How has competition benefited people in India?

HARD

10th CBSE

IMPORTANT

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

Should more Indian companies emerge as MNCs? How would it benefit the people in the country?

HARD

10th CBSE

IMPORTANT

Understanding Economic Development (Social Science)>Chapter 4 - Globalisation and the Indian Economy>LET’S WORK THESE OUT>Q 3

Why do governments try to attract more foreign investment?

HARD

10th CBSE

IMPORTANT

Understanding Economic Development (Social Science)>Chapter 4 - Globalisation and the Indian Economy>LET’S WORK THESE OUT>Q 4

In Chapter $1$, we saw what may be development for one may be destructive for others. The setting of SEZs has been opposed by some people in India. Find out who are these people, and why are they opposing it?

MEDIUM

10th CBSE

IMPORTANT

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

In what ways has competition affected workers, Indian exporters, and foreign MNCs in the garment industry?