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economics class 10 ncert solutions chapter 4

(a) Medicines MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers September 29, 2020 September 29, 2020 / By Prasanna Students who are searching for NCERT MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers Pdf free download are compiled here to get good practice on all fundamentals. (a) goods and raw materials (b) goods, services and investments between countries. To achieve the goal of fair globalisation, a major role can be played by They can also compete in markets located in other countries of the world. The buyers too have a choice between the goods produced in different parts of the world. Which of the following are the world’s largest automobile manufacturer: Answer: Answers to all exercises are provided in details. (a) MNCs (a) Toyota MNCs can provide ……………………… for additional investment. Flexibility in labour laws will help companies in being competitive and progressive. MNCs are investing in India because of cheaper production costs. Barrier on foreign trade and ……………………… investment were removed to a large extent. NCERT Solutions for Class 10 Social Science Economics. (b) Production of raw materials across countries Explain with an example other than those given here. (c) (i) and (ii) Here You Will Find All Solved Question Answers From NCERT Economics For Class 10 From chapter 1, 2, 3, 4, 5 Indian buyers have a greater choice of goods than they did two decades back. Answer: (b) Go beyond the (c) Entrepreneur’s investment (a) Batteries Activities of most MNCs involve: Answer: Question 2: What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? It is Ford Motors. Question 17. 14. NCERT Solutions for class 12 Commerce Economics solved by subject matter experts. (a) (i) and (iii) Globalisation has enabled some large companies such as Tata Motors, Infosys to emerge as multi-national companies. Removing barriers or restrictions set by the government is known as: Removing barriers or restrictions set by the government is what is known as liberalisation. (b) of people in developed countries Question 13: Choose the most appropriate option. 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Answer: (a) been rising Question 15. (b) Good area for MNCs Students can read these Class 10 NCERT Economics Solutions for Chapter 4 and score well in Board Exams. NCERT Solution for Class 10 Economics Chapter 5 Consumer Rights Notes for Various board students like cbse, hbse , mp board, rbse and some other boards. Answer: Information and communication technology has played a major role in spreading out: Answer: (d) Closeness to the markets in the US and Europe 3. (c) form partnerships with local companies. Now people have choices. Filed Under: CBSE Class 11. Answer: (d) Cargill In Economics Class 10 textbook, we will see the process of development in the Indian economy. (ii) Government [CBSE (CCE) 2012] 11. World Trade Organisations aim is to liberalise international trade. Question 18. Creation of special economic zones has disrupted the lives of people who are displaced such as tribals. Many MNCs are making an investment in India in different sectors like insurance banking and food processing. [AI, 2012] (a) 18 million (b) Shared between the poor (b) been decreasing Answers to all exercises are provided in details. NCERT Solutions for Class 9 Social Science Economics Chapter 4 Food Security in India (Hindi Medium) These Solutions are part of NCERT Solutions for Class 9 Social Science in Hindi Medium.Here we have given NCERT Solutions for Class 9 Social Science Economics Chapter 4 Food Security in India. Ford Motors came to India in 1995 and spent Rs. (c) Fovourable trade Foreign trade creates an opportunity for the producers to go beyond the domestic market. Many small units have been shut down rendering many workers jobless. 7. Indian buyers have a greater choice of goods than they did two decades back. (b) Making profits Tax on imports is an example of ……………………… barrier. (d) Private companies, 20 Investment made by MNCs is called (c) Parakh foods (a) Outside the countries (c) Satellite communication devices WTO has forced developing countries to remove trade barriers. 8. domestic markets (c) Sundrop (a) Good area for raw materials Large MNCs in developed countries place orders for production with small producers. (c) Foreign trade and foreign investment ECONOMICS- Class 10- NCERT - Chapter 4 -Globalisation and Indian Economy [PART 1] - Duration: 10:14. Question 1. Answer: (c) Cheap manufacturing location 4. The most common route for investments by MNCs in countries around the world is to Question 30. (a) 2 years (d) All of them, 36. Different states are making efforts to attract foreign companies to make an investment in their states and are successful in their mission. (b) Where there is skilled and unskilled labour available at low costs Globalisation has enabled some large Indian companies to emerge as multinationals themselves! (b) Information technology NCERT Books. (b) Reducing advertising and marketing cost 7. Give reasons for your answer. What is the process of rapid integration or interconnection between countries called? They buy assets such as land, buildings, machines and other equipment. [Delhi, 2012] They are successful in raising their production standards. MCQ Questions for Class 11 Business Studies with Answers PDF Download Chapter Wise, MCQ Questions for Class 11 Accountancy with Answers PDF Download Chapter Wise, MCQ Questions for Class 11 Economics with Answers PDF Download Chapter Wise, MCQ Questions for Class 11 Biology with Answers PDF Download Chapter Wise, MCQ Questions for Class 11 Chemistry with Answers PDF Download Chapter Wise, MCQ Questions for Class 11 Physics with Answers PDF Download Chapter Wise, MCQ Questions for Class 11 Maths with Answers PDF Download Chapter Wise, MCQ Questions for Class 11 English with Answers Hornbill, Snapshots, MCQ Questions with Answers for Class 12, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2, and 1 all Subjects, The Selfish Giant Extra Questions and Answers Class 8 English It So Happened, Children at Work Extra Questions and Answers Class 8 English It So Happened, (c) rapid interconnection between countries, (d) removing barriers set by the government. 19. Twenty years from now, the world will be more globally connected and integrated into one international economy, if this process continues on a fair and equitable basis. Rapid integration or interconnection between countries is known as NCERT-Solutions.com try to provide online tutoring for you. MNCs have increased their investments in developing countries like India in industries such as cell-phones, automobiles, electronics, soft drinks, etc. (b) Globalisation Many of the top MNCs have wealth exceeding the entire budgets of the developing country governments. [Foreign 2011] (c) WTO Foreign trade results in connecting the markets or integration of markets: (d) None of the above, Question 19. (a) Industrialization … Moreover the domestic company has an established framework of business. The largest producer of edible oil in India is: (c) Portfolio Investment The past two decades of globalisation has seen rapid movements in Answer: (c) Parakh foods (ii) The most common route for investments by MNCs in countries around the world is to Both the arguments have some truth as mentioned below : Question 3. Need any support from our end during the preparation of Globalisation and the Indian Economy Class 10 MCQs Multiple Choice Questions with Answers then leave your comments below. NCERT Class 10 Social Science Economics Solutions: Chapter 4-Globalisation and the Indian Economy Part 3 Glide to success with Doorsteptutor material for CBSE : fully solved questions with step-by-step explanation - practice your way to success. Download NCERT Solutions for Class 10 Economics, Get free Class 10 Economics solutions for questions for all chapters in Class 10 Economics solved by best teachers as per latest NCERT (CBSE) book syllabus and guidelines. Trade and capital flows will increase alongside the mobility of labour. (a) Garments (c) And services are produced globally Answer: (c) Foreign investment (i) The past two decades of globalisation has seen rapid movements in (a) Parakh Foods Batteries, capacitors, plastics toys, tires, dairy products and vegetable oil industries have been hit badly due to competition. NCERT Class 10 Social Science Chapter-wise Solutions Economics. Vedantu doesn’t leave any question or concept that is important for the exams. Question 12. (d) None of the above. Answer: (c) Satellite (c) Sport items (b) Dhara 3. (a) of all the people (d) (iii) and (iv), 39. Question 4: What are the various ways in which MNCs set up, or control, production in other countries? It has been facilitated by satellite communication devices. (b) Collateral (c) Reducing electricity cost The government reduced taxes on imported goods, and encour­aged investors from abroad to invest in India. A company that owns or controls production in more than one nation is called: Some local companies that supply raw materials to MNCs have also benefited. [Delhi 2011] (iii) Globalisation has led to an improvement in living conditions Download Class 10 SST Economics Chapter 4 MCQ in PDF format from the below access links and start practicing on a regular basis for better subject knowledge. (c) Globalisation Among producers and workers, the impact of globalisation has been uniform. (b) Government has allowed flexibility in labour laws. (c) 1994 Question 6: “The impact of globalisation has not been uniform.” Explain this statement. (a) They do not have to pay taxes for long period. 9. Removal of barriers set by the government is known as [CBSE(CCE)2012] Download NCERT Books for Class 10 Economics for 2021. The government decided that the time had come for Indian producers to compete with producers around the globe. (c) Go beyond the foreign markets (b) It sets up factories where it is close to the markets. Markets in India are selling goods produced in many other countries. Most of the workers are employed in the unorganised sector. People usually move from one country to another in search of better jobs, better income or better education. The chapter focusses on different kinds of development such as social development, economic development and political development. (d) None of the above. These solutions are explained in detail so that students can easily understand them. Ncert Tutorial 83,083 views. (c) substantial trade in goods and services (d) Movement of people between countries for jobs, education etc. (c) Dairy Products (b) Are sold in the same country Answer: (c) Production of services across countries 11. We hope the NCERT Solutions for Class 10 Social Science Economics Chapter 1 Development help you. (a) UNICEF (c) 1992 (c) Edible oil It enables the consumer to buy according to his requirement. Markets in India are selling goods produced in many other countries. 2. (iii) (d), 1. Fair globalisation would create opportunities for all, and also ensure that the benefits of globalisation are: (a) goods, services and people between countries. (b) Tax on Imports (iv) None of the above (c) Liberalisation (b) 5 million A large MNC, designs its products in research centres in China, and then has the components manufactured in US. Since investment is made by a foreign country it is called foreign investment. Access free Social Science (SST) Class 10 Understanding Economic Development – II NCERT Solutions on LearnCBSE.in. 10:14. Who … Earlier, several developing countries had placed barriers and restrictions on imports and investments from abroad to protect domestic production. Students can download or check out Economics NCERT Class 10 Solutions in an image format. Question 27. CBSE Notes. (c) 101 (a) Money NCERT Solutions for Class 10 Economics Chapter 1: Development. (a) Transportation technology (b) Increasing subsidy on fertilisers Under globalization more and more goods and services, investments and technology are moving between countries. As the small industries in India employ the largest number of workers (20 million) in the country, next only to agriculture, it has hurt the development. It has positive as well as a negative impact. Page 72: (d) Developed countries, 7. The solutions for Economics Class 10 NCERT Solutions Chapter 4 have been drafted by keeping in mind the needs of students during examinations. (c) Cheap manufacturing location Question 16. MNCs do not bring with them the latest technology for production. Understanding Economic Development. (c) Communication technology (c) Increasing import duties on goods MNCs set up, or control, production in other countries in the following ways : Thus we see that there are a variety of ways in which MNCs are spreading their production and interacting with local producers in various countries across the globe. (b) Maruti Availability of other factors of production e., raw material, etc. The living standard of people has increased. It has helped production of services across countries. Class 6 NCERT … (b) Poor countries In addition to goods, services, investments, and technology, there is a movement of people who move from one country to another in search of better income, better jobs or better education. Sometimes to produce more electricity dams are constructed and their land is submerged and the people are left without any job. All NCERT Book Solutions are given here exercise wise for Globalization and the Indian Economy. Effect of Chinese toys on Indian toymakers is (c) Where the availability of other factors of production is assured Question 24. (c) Developing countries NCERT Solutions for class 10 Maths Chapter 4 are given below in PDF form or view online. Which of the following is not a feature of a Multi-National Company? NCERT Solutions for Class 10 Economics Chapter 4 Globalization and the Indian Economy Globalization is nothing but the integration of an economy with the rest of the world. (d) None of the above. (c) Providing employment NCERT Solutions for Class 11 Economics Statistics for Economics Chapter 4 Presentation of Data (Hindi Medium) ... Hope given Statistics for Economics Class 11 Solutions Chapter 4 are helpful to complete your homework. (c) World Health Organisation Besides, it makes trade between countries easier. (a) Milk food 12. (c) Developed countries Sometimes the producers of other countries set up joint ventures as AIG have set up joint venture in insurance sector and are selling their products in India. (c) Than a few centuries back 10. Answer: (b) Cheap labour and other resources Students who are searching for NCERT MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers Pdf free download are compiled here to get good practice on all fundamentals. (a) Privatisation (a) It owns/controls production in more than one nation. 18. (b) Ford Motors (b) By MNCs (c) goods, investments and people between countries. While consumers have more choices in the market, the effect of rising _______________ and ______________has meant greater ________________among the producers. (a) No effect There is by movement of ……………………… . (d) 10 years, 35. Tax on imports is an example of export barrier. [Delhi, 2012] (d) None of the above. (d) Socialisation, 31. (a) Raw materials This is closely associated with the process of globalisation. (a) 1996 1. 32. (d) The globalisation process. (b) Privatisation (c) Increased taxes on imports. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. Free downloadable chapter wise NCERT solutions for class 11 Commerce Economics in PDF format to help students in homework and score good marks in … Cargill foods is the largest producer of which of the following in India? (b) buy existing local companies. Know your preparation level on MCQ Questions for Class 10 Social Science with Answers. (d) Socialisation, 28. Which of the following was the main channel connecting distant countries was: (c) National Company (c) Not been uniform (a) (i) and (ii) Activities of most MNCs involve substantial trade in goods and services. In short, revising the entire chapter becomes easy … Answer: (d) None of the above (c) Jute Uttar Pradesh students also can download UP Board Solutions for Class 10 Maths Chapter 4 here in Hindi Medium. Foreign investments by MNCs in many countries have: (iii) MNCs (b) (ii) and (iii) We have Provided Globalisation and the Indian Economy Class 10 Economics MCQs Questions with Answers to help students understand … MNCs are playing a major role in the globalisation process. (d) All the above factors, Answer: (d) All the above factors Next Prev Home. 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. 10. There is one more way in which countries can be connected. (b) Go beyond the domestic markets Now goods could be imported and exported easily. Answer: (b) In different countries Students can find the chapter wise answers to all the questions in NCERT Solutions for Class 10 Economics. By practicing Class 10 Economics Chapter 4 MCQ with Answers, you can score well in the exam. (c) Free trade (a) The government (a) Production of goods (b) National investment It has been rising. (d) World Trade Organisation. In India Ford Motor’s has collaborated with: Here we are providing the solutions to all the chapters of NCERT Economics Class 12 Textbook for the students. Globalisation does NOT involve which one of the following? (c) 20 million (a) Rich countries Question 1: What do you understand by globalisation? 8. (1) The government had put restrictions on the import of goods to protect domestic producers from foreign competition because industries were coming up in the 1950s and 1960s, and competition from imports at that stage would not have allowed these industries to come up. With the closing of trade, goods travel from one market to another. Foreign trade results in connecting the markets or integration of markets in different countries. ……………………… trade creates an opportunity for the producers to reach beyond the domestic markets. (b) Liberalisation Chapter 2: Sectors Of The Indian Economy Chapter 3: Money And Credit Chapter 4: Globalisation And The Indian Economy Chapter 5: Consumer Rights Class 10 Economics NCERT Solutions PDF for free download. 15. This will occur because liberalisation will get augmented and MNCs will converge with other companies producing the same goods. CBSE School Educational Study Material. Tele communication facilities have been facilitated by remote communication devices. CBSE Class 10 Economics Chapter 4 Globalisation and Indian Economy NCERT Solutions Globalisation refers to the process of collaboration and integration of government or companies worldwide. Rapid improvement in technology has been one major factor that has accelerated the ……………………… process. Answer: Question 9: Globalisation will continue in the future. (b) 1995 (b) Increasing investment Question 6. 5. (c) It organises production in complex ways. (1) Positive impact : (2) Negative impact: The impact of globalisation has been harmful too as mentioned below : Question 7: How has liberalisation of trade and investment policies helped the globalisation process? Activities of most MNCs involve substantial trade in goods and services. If you are a student of class 10 who is using NCERT Textbook to study Social Science (Economics), … (d) None of the above, Answer: (b) By MNCs MNCs buy up local companies to expand production. Here, we have provided NCERT Solutions for Class 10 Economics chapterwise that can help you while preparing your own answers. (a) Reducing cost of raw materials (d) Cement, 6. (c) In friendly countries Foreign trade leads to the integration of markets across countries because it creates an opportunity for the producers to reach beyond the domestic markets i.e., markets of their own countries. This is closely associated with the process of ______________. Answer: (d) Trade barrier (b) Inter-government investment (b) More goods and services moving between countries. Around which year, need for removing barriers on foreign trade and foreign investment in India was felt ? (b) Surekh foods Answer: This solution contains questions, answers, images, explanations of the complete chapter 4 titled Globalization and the Indian Economy of Social Science (Economics) taught in class 10. (c) Liberalisation A large part of the foreign trade is also controlled by: Foreign trade results in connecting the markets or ……………………… of markets in different countries. India had attained technological capability. (c) General Motor Solutions are in Hindi and English Medium. 12. (d) Privatisation. (a) Foreign companies (iii) Latest technology for production 5. For a long time foreign trade has been the main channel connecting countries. Thus, the government allowed imports of only essential items such as machinery, fertilizers, and petroleum. (iv) All of them The aim of ……………………… is to liberalise international trade. Check the below NCERT MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers Pdf free download. (c) of workers in the developing countries (a) Privatisation 11. (c) (iii) and (iv) ……………. NCERT Solutions are helpful in the preparation of several school level, graduate and undergraduate level competitive exams. 4. Also, charges should be levied on MNCs looking to set base in developing nations. This will lead to an increase in the company’s competitiveness. Answer: (c) Not been uniform Students looking for NCERT Solutions for Development Chapter in Economics subject of Class 10 can also download the chapter-wise PDFs. All the Class 10 History Exercise questions has been solved by expert and explained in detail as per NCERT … (a) Privatisation (b) Import NCERT CBSE latest book edition solutions. 13. (a) Globalisation Mexico and Eastern Europe have the advantage of: (a) 139 MNCs provide money and latest technology for production. 1. (a) Raw materials and good food In my opinion, the developing countries should demand, in return, for some manner of protection of domestic producers against competition from imports. (b) International Monetary Fund For a large number of small producers globalisation has posed many challenges. Until the middle of the twentieth century, production was largely organised: (a) Than a few years back NCERT Solutions for class 11 Commerce Economics solved by subject matter experts. China provides the advantage of being a: 12. The Economics chapter wise exercise questions with solutions will help you to complete your class work, revise important concepts and get higher marks in Class 10 exams. Primary Sidebar. Question 5: Why do developed countries want developing countries to liberalise their trade and investment? (d) 2000 (b) Import and export Globalisation, by connecting countries, shall result in (a) Removal of trade barriers (a) been rising The other is telling, globalisation is helping India develop. Read the best answers to sore high in your school and board examinations. These restrictions helped to attain technological capability within the country. Some local companies in countries like India have been able to invest in newer technology and production methods. 9. Production in widely dispersed locations is getting ……………………… . Go through the following sections and find NCERT Class 10 Economics Solutions. The benefits of globalisation are shared better. Question 21. [AI, 2012] Appearing Students of Class 10 Exams can download MCQ on Globalisation and the Indian Economy Class 10 with Answers from here. NCERT Solutions for Class 10. Cargill Foods, a large American MNC, has brought over smaller Indian companies such as: (d) Restriction on Export, 11. CBSE guide notes are the comprehensive notes which covers the latest syllabus of CBSE and NCERT. (d) (i) and (iii), 22. (ii) Moral and Social support The competition among the producers bring them closer to each other. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. China provides the advantage of being a cheap manufacturing location. (c) Multinational companies Company that owns or controls production in more than one nation (a) Tax on Exports (c) Unorganised sector Question 11. We will see the development in terms of three sectors, primary, secondary and tertiary sectors. (b) substantial goods and trade … Under globalization the countries that hitherto closed to trade and foreign investment open up their economies and go global. (d) IDBI, 33. (b) Liberalisation (b) Organised sector Can you imagine what the world would be like twenty years from now? is one such organisation whose aim is to liberalise international trade Answer: (b) In different countries In India most of the workers are employed in the: Answer: (c) form partnerships with local companies. Most regions of the world are in closer contact with each other than a few centuries back. Answer: (c) substantial trade in goods and services (d) None of the above. With liberalisation of trade, businesses are not allowed to make decisions freely about what they wish to import or export. All numerical problems are framed well and solved accurately in NCERT Class 10 Maths Chapter 4 solution. Answer: (d) Shared better. MNCs set up offices and factories for production in regions where they can get: (a) International Labour Organisation MNCs set up production on the basis of the following factors : Availability of skilled and unskilled labour at low costs. (c) Trade Barriers (i) (b) (d) Privatization, 10. While consumers have more choices in the market, the effect of rising demand and purchasing power has meant greater competition among the producers. (c) Suffering losses (а) Tax barrier (a) Globalisation Both goods and services are produced globally. (а) Close to the markets All the above factors are beneficial of MNCs, Question 25. Globalization has resulted in more choices for the consumers who now get better quality and at lower prices several products. Post 50 years have seen several improvements in 13. While some of the MNCs produce entirely for the local market, many others produce for the exports markets. These solutions are provided by expert teachers at IndCareer. (b) Cheap labour and other resources Practise with our expert solutions to find out whether globalisation has benefitted the developing countries or not. Answer: (b) Ford Motors NCERT Solutions for Class 12 Economics are given for the students so that they can get to know the answers to the questions in case they are not able to find it.It is important for all the students who are in Class 12 currently. (d) Cutting labour cost, 38. After assuring above conditions, MNCs set up factories and offices for production. (d) none of the above However, to improve the quality of domestic goods, these countries have removed the barriers. It refers to globalisation which creates opportunities for all and ensures that its benefits are better shared. (d) 149, Question 13. (a) set up new factories. (d) Foreign investment, 21. Download NCERT Solutions for Class 10 Economics - Understanding Economic Development textbook in form of chapter-wise PDF. (d) None of the above. Answer: (c) And services are produced globally (d) none of the above. To get large orders, Indian exporters try hard to cut their own costs by NCERT Solutions for Class 10 Social Economics Chapter 4 Globalisation and the Indian Economy September 30, 2019 by phani Formulae Handbook for Class 10 Maths and Science 7. (d) None of the above. Foreign Trade creates an opportunity for the producers to: Question 26. (d) They do not have to pay taxes for an initial period of five years. More regions of the world are in closer contact with each other: Liberalisation involves which one of the following? Similar is the case in services like data entry, accounting, administrative tasks and engineering. communication devices Investment made by MNCs are termed as: [CBSE (CCE)2012] Answer: (c) Unorganised sector Cargill is now the largest producer of edible oil in India, with a capacity to make ………… pouches daily. A major role in spreading out production of services across countries It organised... To remove trade barriers to foreign trade and foreign investment complex ways was the reason for putting barriers to trade. ______________ with other companies producing the same goods ______________ with other countries: globalisation will continue the... Mcqs Questions with Answers country since they would have to improve their quality 4 are given here other telling.: globalisation will continue in the markets or ……………………… of markets in different countries foreign and! Countries can be connected removed the barriers Economy at TopperLearning chapters of NCERT Economics Class 10 Social with. Oil industries have been able to invest in India should liberalise their and. And experience between India and other equipment company has knowledge of the following factors: of. Is telling, globalisation is the advantage of spreading out production of ……………………… barrier above conditions, MNCs up... The Unorganised sector most of the following in India was felt Economics Objective Questions are displaced as... The Economy on developing countries producers within the country many others produce for the students India other... Products in the field of information and communication technology has played a major role spreading!: - Class 10 MCQs Questions with economics class 10 ncert solutions chapter 4 of production this will lead to the markets or ……………………… of developing... Products in research centres in China, and petroleum is provided on this page sore high your. Hit hard by globalisation the exports markets with our expert Solutions to all the of! Science with Answers and investment to compete with producers around the world make an investment in India selling... Is an example of a trade barrier facilities have been facilitated by Satellite communication devices It has not uniform! At TopperLearning under globalization more and more goods and services find NCERT Class economics class 10 ncert solutions chapter 4 download as PDF countries India! View online on the latest exam pattern sometimes to produce more electricity dams are constructed their. ] ( a ) 1990, 26 compete with producers around the world are currently members of the.... Their choice costly or cheap lower prices several products people in a, number of producers! Exchange of capital, technology, and economics class 10 ncert solutions chapter 4 at TopperLearning the borders by the Solutions. Services across countries It was organised within countries type of countries contact each! Greater ________________among the producers the students providing services particularly in the preparation of school! Making an investment in India because of cheaper production costs the NCERT for. Played a major role in spreading out production across the borders by the multinationals can truly. Material, etc WTO has forced developing countries or not - Duration: 10:14 is known as liberalisation –. Choice costly or cheap labour conditions for these distant producers 1990 ( b Toymaking! Other countries been formulated by keeping in mind the latest exam pattern stimulated the globalisation by... Ncert Books Class 10 Maths Chapter 4 Economics Objective Questions produced in many other?., 36 looking to set base in developing nations an image format, technology, and then production! For a long time foreign trade and ……………………… investment were removed to a deeper integration of national economies one... Pay taxes for long period ) Batteries ( b ) in different sectors like insurance and. ………… pouches daily created in developing countries: How does foreign trade creates an opportunity for the producers compete... Services, investments and technology are moving between countries 4 MCQ with Answers during preparation and score in... Between India and other resources are available Chapter 5 ; NCERT Books for Class 12 textbook for the problem... Solutions for CBSE Class 10 Maths Chapter 4 are given here who are displaced such as cell-phones, automobiles electronics... ) 55 million, 24 manufactured in US Solutions of Class 10 Social Science with Answers during preparation and well! 4 million ( d ) all of them, 36 produced by MNCs in India (... Liberalisation of the WTO ( 2006 ) there would be like twenty years now. Service and uses It ) Mahindra and Mahindra the buyers too have choice. Does foreign trade creates an opportunity for the students like India in industries such as Tata Motors, to! ) It employs labour only from its own country as well as result! Producers bring them closer to each other the Indian government trade, businesses not... Hard by globalisation NCERT Economics Class 12 textbook for the producers 1992 ( )... Opportunities for all and ensures that its benefits are better shared kinds of such... 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