Chapter 4 Globalisation and the Indian Economy Solutions
Question - 11 : - Fill in the blanks.
Answer - 11 : - 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 _____________ ___________________________________________ . While consumers have more choices in the market, the effect of rising _______________ and ______________has meant greater _________________among the producers.
Answer:
Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of globalisation. Markets in India are selling goods produced in many other countries. This means there is increasing trade 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 the cheaper production costs. While consumers have more choices in the market, the effect of rising demand and purchasing power has meant greater competition among the producers.
Question - 12 : - Match the following.
Answer - 12 : -
| (i) MNCs buy at cheap rates from small | (a) Automobiles producers |
| (ii) Quotas and taxes on imports are used to regulate trade items | (b) Garments, footwear, sports |
| (iii) Indian companies who have invested abroad | (c) Call centres |
| (iv) IT has helped in spreading of production of services | (d) Tata Motors, Infosys, Ranbaxy |
| (v) Several MNCs have invested in setting up factories in India for production | (e) Trade barriers |
Answer
| (i) MNCs buy at cheap rates from small producers | (b) Garments, footwear, sports items |
| (ii) Quotas and taxes on imports are used to regulate trade | (e) Trade barriers |
| (iii) Indian companies who have invested abroad | (d) Tata Motors, Infosys, Ranbaxy |
| (iv) IT has helped in spreading of production of services | (c) Call centres |
| (v) Several MNCs have invested in setting up factories in India for production | (a) Automobiles producers |
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Answer - 13 : -
1. The past two decades of globalisation has seen rapid movements in
a. goods, services and people between countries.
b. goods, services and investments between countries.
c. goods, investments and people between countries.
Answer: c. goods, services and investments between countries
Question - 14 : - Choose the most appropriate option-
Answer - 14 : -
The most common route for investments by MNCs in countries around the world is to
a. set up new factories.
b. buy existing local companies.
c. form partnerships with local companies.
Answer: c. buy existing local companies
Question - 15 : - Choose the most appropriate option->
Answer - 15 : -
Globalisation has led to improvement in living conditions
a. of all the people
b. of people in the developed countries
c. of workers in the developing countries
d. none of the above
Answer: d. none of the above