{"id":29880,"date":"2021-12-30T17:38:35","date_gmt":"2021-12-30T12:08:35","guid":{"rendered":"https:\/\/infinitylearn.com\/surge\/?p=29880"},"modified":"2025-05-16T15:10:00","modified_gmt":"2025-05-16T09:40:00","slug":"study-materials-ncert-solutions-class-10-social-science-understanding-of-economic-development-chapter-4-globalization-and-the-indian-economy","status":"publish","type":"post","link":"https:\/\/infinitylearn.com\/surge\/study-materials\/ncert-solutions\/class-10\/social-science\/understanding-of-economic-development\/chapter-4-globalization-and-the-indian-economy\/","title":{"rendered":"NCERT Solutions for Class 10 Social Science Understanding of Economic Development Chapter 4 Globalization and the Indian economy"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_37 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' style='display:block'><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/infinitylearn.com\/surge\/study-materials\/ncert-solutions\/class-10\/social-science\/understanding-of-economic-development\/chapter-4-globalization-and-the-indian-economy\/#NCERT_Solutions_for_Class_10_Economics_Chapter_4_FAQs\" title=\"NCERT Solutions for Class 10 Economics Chapter 4 FAQs\">NCERT Solutions for Class 10 Economics Chapter 4 FAQs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/infinitylearn.com\/surge\/study-materials\/ncert-solutions\/class-10\/social-science\/understanding-of-economic-development\/chapter-4-globalization-and-the-indian-economy\/#How_many_questions_are_there_in_NCERT_Solutions_for_Economics_Chapter_4_for_Class_10\" title=\"How many questions are there in NCERT Solutions for Economics Chapter 4 for Class 10?\">How many questions are there in NCERT Solutions for Economics Chapter 4 for Class 10?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/infinitylearn.com\/surge\/study-materials\/ncert-solutions\/class-10\/social-science\/understanding-of-economic-development\/chapter-4-globalization-and-the-indian-economy\/#According_to_NCERT_Solutions_for_Class_10_Economics_Chapter_4_how_is_globalization_defined\" title=\"According to NCERT Solutions for Class 10 Economics Chapter 4, how is globalization defined?\">According to NCERT Solutions for Class 10 Economics Chapter 4, how is globalization defined?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/infinitylearn.com\/surge\/study-materials\/ncert-solutions\/class-10\/social-science\/understanding-of-economic-development\/chapter-4-globalization-and-the-indian-economy\/#What_kind_of_questions_can_I_expect_from_NCERT_Solutions_for_Class_10_Economics_Chapter_4_in_the_CBSE_Term_II_exams\" title=\"What kind of questions can I expect from NCERT Solutions for Class 10 Economics Chapter 4 in the CBSE Term II exams? \">What kind of questions can I expect from NCERT Solutions for Class 10 Economics Chapter 4 in the CBSE Term II exams? <\/a><\/li><\/ul><\/nav><\/div>\n<p><b><span data-contrast=\"none\">NCERT Class 10 Economics GLOBALISATION AND THE INDIAN ECONOMY<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:2,&quot;335551620&quot;:2,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\"> <\/span><\/p>\n<p>The NCERT Solutions for Class 10 Social Science Understanding of Economic Development Chapter 4 Globalization and the Indian economy provides an overview of the concept of globalisation and its impact on the Indian economy. It discusses the different aspects of globalisation, and also highlights the advantages and disadvantages of globalisation for the Indian economy.<\/p>\n<p>Get a free pdf download of NCERT Class 10 Economics Globalisation and the Indian Economy.<\/p>\n<p><b><span data-contrast=\"none\">\n\t\t<div class=\"download-pdf-container\">\n\t\t\t<span class=\"title\">Do you need help with your Homework? 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href=\"\/surge\/?pdfemb-serveurl=https%3A%2F%2Finfinitylearn.com%2Fsurge%2Fwp-content%2Fuploads%2Fsecurepdfs%2F2022%2F06%2F4-GLOBALISATION-AND-THE-INDIAN-ECONOMY.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\" data-mobile-width=\"0\"  data-scrollbar=\"both\" data-download=\"off\" data-tracking=\"on\" data-newwindow=\"on\" data-pagetextbox=\"off\" data-scrolltotop=\"on\" data-startzoom=\"100\" data-startfpzoom=\"100\" data-download-nonce=\"119325c2b2\" data-disablerightclick=\"on\" data-toolbar=\"top\" data-toolbar-fixed=\"on\">4 GLOBALISATION AND THE INDIAN ECONOMY<br\/><\/a><\/span><\/b><\/p>\n<p>Here are some important questions on the chapter &#8211; Globalisation and the India Economy.<\/p>\n<p><b><span data-contrast=\"none\">Ques 1. What do you understand by globalization? Explain in your own words.<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:567}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ans. <\/span><\/b><span data-contrast=\"none\">\u202fGlobalization is defined as the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs).\u202f\u202fAn increase in foreign trade, migration of people from one country to another, the flow of capital finance from one country to another, and private and public investments from foreign countries all together contribute to globalization.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p style=\"text-align: center;\"><a title=\"Enroll Now to Class 10 CBSE Foundation Course\" href=\"https:\/\/infinitylearn.com\/online-courses-cbse-class-10\" target=\"_blank\" rel=\"noopener\"><strong><button>Enroll Now to Class 10 CBSE Foundation Course<\/button><\/strong><\/a><\/p>\n<p><b><span data-contrast=\"none\">Ques 2. What were the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:142,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:505,&quot;469777462&quot;:[142],&quot;469777927&quot;:[0],&quot;469777928&quot;:[1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ans. <\/span><\/b><span data-contrast=\"none\">The main reason for putting barriers to foreign trade and foreign investment by the Indian government was to protect the interest earned by producers and small industrialists of our country from foreign competition.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:150,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><span data-contrast=\"none\">But later it was accepted by the government that foreign competition would encourage Indian industrialists to improve the quality of their products and removing these barriers would increase trade and quality of products produced in the country.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:150,&quot;335559740&quot;:360}\"> <img loading=\"lazy\" class=\"aligncenter wp-image-110446 size-medium\" src=\"https:\/\/infinitylearn.com\/surge\/wp-content\/uploads\/2022\/02\/NCERT-Solutions-for-Class-10-Social-Science-300x169.png\" alt=\"NCERT Class 10 Economics\" width=\"300\" height=\"169\" srcset=\"https:\/\/infinitylearn.com\/surge\/wp-content\/uploads\/2022\/02\/NCERT-Solutions-for-Class-10-Social-Science-300x169.png?v=1643747922 300w, https:\/\/infinitylearn.com\/surge\/wp-content\/uploads\/2022\/02\/NCERT-Solutions-for-Class-10-Social-Science-768x433.png?v=1643747922 768w, https:\/\/infinitylearn.com\/surge\/wp-content\/uploads\/2022\/02\/NCERT-Solutions-for-Class-10-Social-Science.png?v=1643747922 775w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/span><\/p>\n<p><b><span data-contrast=\"none\">Ques 3. How would flexibility in labour laws help companies?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;335559991&quot;:930,&quot;469777462&quot;:[567,709],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ans. <\/span><\/b><span data-contrast=\"none\">Flexibility in labour law helps companies because it helps to attract foreign investments. Instead of hiring workers on a regular basis, companies hire workers flexibly for short periods when there is intense pressure on work. This is done to reduce the cost of labour for the company. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;335559991&quot;:363,&quot;469777462&quot;:[567],&quot;469777927&quot;:[0],&quot;469777928&quot;:[1]}\"> <\/span><\/p>\n<p><span data-contrast=\"none\">However, still not satisfied, foreign companies are demanding more flexibility in labour laws. The competition in the market is increasing each day, and if the Government does not allow flexibility with these laws, the foreign companies will not be able to reach their desired profit levels.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:426,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;335559991&quot;:363,&quot;469777462&quot;:[567],&quot;469777927&quot;:[0],&quot;469777928&quot;:[1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ques 4. What are the various ways in which MNCs set up, control, or produce in other countries?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ans. <\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:930,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> i. <\/span><span data-contrast=\"none\">MNCs set up and control production by investing a huge amount of money in a country\u2019s economy. It sets up production units close to the market so that they get cheaper labour. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><span data-contrast=\"none\">ii. To increase production, MNCs collaborate with some local companies as the production rate would rapidly increase. In most of cases, the MNCs buy local companies and expand their production. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><span data-contrast=\"none\">iii.<\/span> <span data-contrast=\"none\">The other way in which they control production is by placing the orders for production with small and local producers. They help production using technology and heavy machinery, which makes the work more efficient and productive.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:1440,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;335559991&quot;:510,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ques 5. Why do developed countries want developing countries to liberalize their trade and investment? What do you think should the developing countries demand in return?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ans. i.<\/span><\/b> <b><span data-contrast=\"none\">\u202f<\/span><\/b><span data-contrast=\"none\">Developed countries want developing countries to liberalize their trade and investment because MNCs can set up industries in small and developing nations, which are less expensive and can earn them more profit. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><span data-contrast=\"none\">ii. The labour cost decreases the manufacturing cost and these decreases in cost result in an increase in profit. Also setting up factories and industries in developed countries increases competition. <\/span><\/p>\n<p><span data-contrast=\"none\">iii.<\/span> <span data-contrast=\"none\">The developing countries should, in turn, ask for a fair removal of trade barriers in order to protect their own industries.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:360,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ques 6. \u201cThe impact of globalization has not been uniform.\u201d Explain this statement.<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ans. <\/span><\/b><span data-contrast=\"none\">The impact of globalization has not been uniform because only the developed countries have gained profits due to globalization.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><span data-contrast=\"none\">i) For consumers, wide varieties of good quality goods at lower prices are available which<\/span><\/p>\n<p><span data-contrast=\"none\">leads to a higher standard of living.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><span data-contrast=\"none\">ii) New jobs are created in industries such as cell phones, electronics, fast food, automobiles.<\/span><\/p>\n<p><span data-contrast=\"none\">iii) Local companies have prospered through supplying raw materials to these industries.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><span data-contrast=\"none\">iv) Top Indian companies have gained from successful collaborations with foreign companies.<\/span><\/p>\n<p><span data-contrast=\"none\">Some of these companies have emerged as Multinationals Companies.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><span data-contrast=\"none\">v) Companies providing services have also benefited from new opportunities.<\/span><\/p>\n<p><span data-contrast=\"none\">But the small industries and companies in developing countries have constantly been facing challenges in terms of earning profits and bringing their goods to the market.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p style=\"text-align: center;\"><a title=\"Join the Most Efficient IIT JEE Foundation Class 10\" href=\"https:\/\/infinitylearn.com\/jee-foundation-course-for-class-10\" target=\"_blank\" rel=\"noopener\"><strong><button>Join the Most Efficient IIT JEE Foundation Course for Class 10<\/button><\/strong><\/a><\/p>\n<p><b><span data-contrast=\"none\">Ques 7. How has the liberalization of trade and investment policies helped the globalization process?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:284,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:284,&quot;469777462&quot;:[284,360,1134],&quot;469777927&quot;:[0,0,0],&quot;469777928&quot;:[1,8,1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ans. <\/span><\/b><b><span data-contrast=\"none\">Liberalization of trade and investment policies promotes globalization. Explain.<\/span><\/b> Globalization means the free interaction of an economy with the economies of the rest of the world.<\/p>\n<p><b><span data-contrast=\"none\">1) Removal of Trade Barriers: <\/span><\/b><span data-contrast=\"none\">Under the policy of liberalization Indian government has removed various restrictions from the import and export of goods and services. Now MNC\u2019s are free to import goods in India and Indian companies are free to export goods and services abroad.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">2) Liberalisation of Investment: <\/span><\/b><span data-contrast=\"none\">Under this policy, MNC is free to invest in India. Many MNC have invested in banking, infrastructure, soft drinks, automobiles, etc. Even the Indian government is also encouraging MNC to invest in India and for this government has created Special Economic Zones which provide electricity, roads, transport, and other facilities.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">3) New Technology: <\/span><\/b><span data-contrast=\"none\">The process of liberalization has brought new technology to India which has promoted globalization. Information and communication technology has played a major role in spreading out production of services across countries.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ques 8. How does foreign trade lead to the integration of markets across countries? Explain with an example other than those given here.<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;335559991&quot;:644,&quot;469777462&quot;:[1134],&quot;469777927&quot;:[0],&quot;469777928&quot;:[1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ans. <\/span><\/b><span data-contrast=\"auto\">i) To put it simply, foreign trade Creates an opportunity for the producers to reach beyond the domestic markets, i.e., markets of their own countries. Producers can sell their products not only in markets located within the country, but can also compete in markets located in other countries of the world.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><span data-contrast=\"auto\">ii) Similarly, for the buyers, the import of goods produced in another country is one way of expanding the choice of goods beyond what is domestically produced.<\/span><\/p>\n<p><span data-contrast=\"auto\">iii) In general, with the opening of trade, goods travel from one market to another. Choice of goods in the markets rises. Prices of similar goods in the two markets tend to become equal.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><span data-contrast=\"auto\">iv) Through foreign trade, producers in the two countries now closely compete against each other even though they are separated by thousands of miles.<\/span><\/p>\n<p><b><span data-contrast=\"none\">Ques 9. Globalization will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;335559991&quot;:502,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ans. <\/span><\/b><span data-contrast=\"none\">Globalization will continue in the future as well. Twenty years from now, the production of goods will be more efficient, competition in the market will increase, advancement in every field will be evident and the quality and quantity of goods produced will also increase. Small industries and entrepreneurs will increase as more opportunities will be provided to them.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:720,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ques 10. Supposing you find two people arguing: One is saying globalization has hurt our country\u2019s development. The other is telling, globalization is helping India develop. How would you respond to these arguments?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><b><span data-contrast=\"none\">Ans. <\/span><\/b><span data-contrast=\"none\">Globalization has its pros and cons, and there are various advantages and disadvantages of increasing globalization in the country. The advantages of increased globalization include improved trade opportunities and the increase in the number of employed because of small-scale industries. The profit market has increased, and the increase in imports and exports has increased the economy of the nation. People can buy goods that are made across the world at cheaper prices.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:150,&quot;335559740&quot;:360}\"> <\/span><\/p>\n<p><span data-contrast=\"none\">The disadvantages of globalization include that globalization has increased the income of the rich and has decreased the income of the poor because the small-scale local industrialists are unable to earn much profit. Thereby increasing income inequality.<\/span><\/p>\n<p><b><span data-contrast=\"none\">Ques 11. Fill in the blanks.<\/span><\/b><\/p>\n<p><span data-contrast=\"auto\">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.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:360,&quot;335559991&quot;:567,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><span data-contrast=\"auto\">Ans. <\/span><span data-contrast=\"none\">Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of\u202f<\/span><b><span data-contrast=\"none\">globalization<\/span><\/b><span data-contrast=\"none\">. Markets in India are selling goods produced in many other countries. This means there is increasing\u202f<\/span><b><span data-contrast=\"none\">trade<\/span><\/b><span data-contrast=\"none\">\u202fwith 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\u202f<\/span><b><span data-contrast=\"none\">of the cheaper production costs<\/span><\/b><span data-contrast=\"none\">. While consumers have more choices in the market, the effect of rising<\/span><b><span data-contrast=\"none\">\u202fdemand<\/span><\/b><span data-contrast=\"none\">\u202fand\u202f<\/span><b><span data-contrast=\"none\">purchasing power<\/span><\/b><span data-contrast=\"none\">\u202fhas meant greater\u202f<\/span><b><span data-contrast=\"none\">competition<\/span><\/b><span data-contrast=\"none\">\u202famong the producers.<\/span><\/p>\n<p style=\"text-align: center;\"><a title=\"JJoin Best NEET Foundation for Class 10\" href=\"https:\/\/infinitylearn.com\/neet-foundation-course-for-class-10\" target=\"_blank\" rel=\"noopener\"><strong><button>Join Best NEET Foundation Course for Class 10<\/button><\/strong><\/a><\/p>\n<p><b><span data-contrast=\"none\">12. Match the following.<\/span><\/b><\/p>\n<table style=\"width: 100%; height: 168px;\" data-tablestyle=\"MsoTableGrid\" data-tablelook=\"1184\" aria-rowcount=\"5\">\n<tbody>\n<tr style=\"height: 24px;\" aria-rowindex=\"1\">\n<td style=\"height: 24px;\" data-celllook=\"0\"><span data-contrast=\"auto\">(i) MNCs buy at cheap rates from small producers<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:454,&quot;335559738&quot;:60,&quot;335559740&quot;:259,&quot;335559991&quot;:454}\"> <\/span><\/td>\n<td style=\"height: 24px;\" data-celllook=\"0\"><span data-contrast=\"auto\">(a) Automobiles<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:454,&quot;335559738&quot;:60,&quot;335559740&quot;:259,&quot;335559991&quot;:454}\"> <\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\" aria-rowindex=\"2\">\n<td style=\"height: 48px;\" data-celllook=\"0\"><span data-contrast=\"auto\">(ii) Quotas and taxes on imports are used to regulate trade<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:454,&quot;335559738&quot;:60,&quot;335559740&quot;:259,&quot;335559991&quot;:454}\"> <\/span><\/td>\n<td style=\"height: 48px;\" data-celllook=\"0\"><span data-contrast=\"auto\">(b) Garments, footwear, sports items<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:454,&quot;335559738&quot;:60,&quot;335559740&quot;:259,&quot;335559991&quot;:454}\"> <\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\" aria-rowindex=\"3\">\n<td style=\"height: 24px;\" data-celllook=\"0\"><span data-contrast=\"auto\">(iii) Indian companies who have invested abroad<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:454,&quot;335559738&quot;:60,&quot;335559740&quot;:259,&quot;335559991&quot;:454}\"> <\/span><\/td>\n<td style=\"height: 24px;\" data-celllook=\"0\"><span data-contrast=\"auto\">(c) Call centers<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:454,&quot;335559738&quot;:60,&quot;335559740&quot;:259,&quot;335559991&quot;:454}\"> <\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\" aria-rowindex=\"4\">\n<td style=\"height: 24px;\" data-celllook=\"0\"><span data-contrast=\"auto\">(iv) IT has helped in spreading of production of services<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:454,&quot;335559738&quot;:60,&quot;335559740&quot;:259,&quot;335559991&quot;:454}\"> <\/span><\/td>\n<td style=\"height: 24px;\" data-celllook=\"0\"><span data-contrast=\"auto\">(d) Tata Motors, Infosys, Ranbaxy<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:454,&quot;335559738&quot;:60,&quot;335559740&quot;:259,&quot;335559991&quot;:454}\"> <\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\" aria-rowindex=\"5\">\n<td style=\"height: 48px;\" data-celllook=\"0\"><span data-contrast=\"auto\">(v) Several MNCs have invested in setting up factories in India for production<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:454,&quot;335559738&quot;:60,&quot;335559740&quot;:259,&quot;335559991&quot;:454}\"> <\/span><\/td>\n<td style=\"height: 48px;\" data-celllook=\"0\"><span data-contrast=\"auto\">(e) Trade barriers<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:454,&quot;335559738&quot;:60,&quot;335559740&quot;:259,&quot;335559991&quot;:454}\"> <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b><span data-contrast=\"none\">Ans. <\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:567,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<table data-tablestyle=\"MsoNormalTable\" data-tablelook=\"1184\" aria-rowcount=\"5\">\n<tbody>\n<tr aria-rowindex=\"1\">\n<td data-celllook=\"69905\"><span data-contrast=\"none\">(i) MNCs buy at cheap rates from small producers<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\"> <\/span><\/td>\n<td data-celllook=\"69905\"><span data-contrast=\"none\">(b) Garments, footwear, sports items<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\"> <\/span><\/td>\n<\/tr>\n<tr aria-rowindex=\"2\">\n<td data-celllook=\"69905\"><span data-contrast=\"none\">(ii) Quotas and taxes on imports are used to regulate trade<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\"> <\/span><\/td>\n<td data-celllook=\"69905\"><span data-contrast=\"none\">(e) Trade barriers<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\"> <\/span><\/td>\n<\/tr>\n<tr aria-rowindex=\"3\">\n<td data-celllook=\"69905\"><span data-contrast=\"none\">(iii) Indian companies who have invested abroad<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\"> <\/span><\/td>\n<td data-celllook=\"69905\"><span data-contrast=\"none\">(d) Tata Motors, Infosys, Ranbaxy<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\"> <\/span><\/td>\n<\/tr>\n<tr aria-rowindex=\"4\">\n<td data-celllook=\"69905\"><span data-contrast=\"none\">(iv) IT has helped in spreading of production of services<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\"> <\/span><\/td>\n<td data-celllook=\"69905\"><span data-contrast=\"none\">(c) Call centres<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\"> <\/span><\/td>\n<\/tr>\n<tr aria-rowindex=\"5\">\n<td data-celllook=\"69905\"><span data-contrast=\"none\">(v) Several MNCs have invested in setting up factories in India for production<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\"> <\/span><\/td>\n<td data-celllook=\"69905\"><span data-contrast=\"none\">(a) Automobiles producers<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\"> <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:567,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <strong>Ques 13.<\/strong> <\/span><b><span data-contrast=\"none\">Choose the most appropriate<\/span><\/b> <strong>option.<\/strong><\/p>\n<p><strong>(i) The past two decades of globalization have seen rapid movements in <\/strong><\/p>\n<p><span data-contrast=\"auto\">(a) goods, services, and people between countries.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:567,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><span data-contrast=\"auto\">(b) goods, services, and investments between countries.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:567,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><strong>(c) goods, investments, and people between countries. <\/strong><\/p>\n<p><strong>(ii) The most common route for investments by MNCs in countries around the world is to <\/strong><\/p>\n<p><span data-contrast=\"auto\">(a) set up new factories.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:567,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><span data-contrast=\"auto\">(b) buy existing local companies.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:567,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><strong>(c) form partnerships with local companies.<\/strong><\/p>\n<p><strong>(iii) Globalisation has led to improvement in living conditions <\/strong><\/p>\n<p><span data-contrast=\"auto\">(a) of all the people<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:567,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><strong>(b) of people in the developed countries <\/strong><\/p>\n<p><span data-contrast=\"auto\">(c) of workers in the developing countries<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:567,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><span data-contrast=\"auto\">(d) none of the above<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:567,&quot;335559738&quot;:60,&quot;335559739&quot;:160,&quot;335559740&quot;:240,&quot;335559991&quot;:567,&quot;469777462&quot;:[567,1134],&quot;469777927&quot;:[0,0],&quot;469777928&quot;:[1,1]}\"> <\/span><\/p>\n<p><span data-contrast=\"auto\">NCERT Book Solutions For Class 10 Economics Chapter 4 <strong>Globalization and the Indian Economy<\/strong> \u2013 CBSE Term II Free PDF NCERT Book Solutions For Class 10 Economics Chapter 4 Globalization and the Indian Economy Download<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> <\/span><\/p>\n<p><span data-contrast=\"auto\">INFINITY LEARN&#8217;s NCERT Solutions for Class 10 Economics Chapter 4 Globalization and the Indian Economy improves how one expresses answers in the exam, which is very important. Students that are skilled at expressing themselves can easily get good grades. NCERT Solutions for Class 10 Economics Chapter 4 &#8211; Globalization will assist students in developing their own responses. Furthermore, students can write the identical answer in their exam as supplied in the solutions PDF if they choose. Students can use these answers to help them study for their examinations more effectively. Students can also look up the exercise answers for all of the chapters of History, Geography, Political Science, and Economics in <a href=\"https:\/\/infinitylearn.com\/surge\/study-materials\/ncert-solutions\/class-10\/social-science\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\"><strong>NCERT Solutions Class 10 Social Science.<\/strong><\/span><\/a><\/span><span style=\"color: #0000ff;\"><strong> <\/strong><\/span><\/p>\n<p><span data-contrast=\"auto\">NCERT Solutions for Class 9 are available for download.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> <\/span><\/p>\n<p><span data-contrast=\"auto\">NCERT Solutions for Class 10 Economics Chapter 4 Globalization And The Indian Economy are available to download.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> <\/span><\/p>\n<h5><span class=\"ez-toc-section\" id=\"NCERT_Solutions_for_Class_10_Economics_Chapter_4_FAQs\"><\/span><span style=\"font-size: 12pt; color: #ff0000;\"><strong>NCERT Solutions for Class 10 Economics Chapter 4 FAQs<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h5><span class=\"ez-toc-section\" id=\"How_many_questions_are_there_in_NCERT_Solutions_for_Economics_Chapter_4_for_Class_10\"><\/span>How many questions are there in NCERT Solutions for Economics Chapter 4 for Class 10?<span class=\"ez-toc-section-end\"><\/span><\/h5>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tThere are a total of 13 questions in the NCERT Solutions for Class 10 Globalization and the Indian Economy. The first ten questions are divided into two categories: short answers and extensive responses. The last three questions are fill-in-the-blanks, match-the-answers, and multiple-choice questions that cover all of the chapter's major points. The answers to these questions are created by a team of INFINITY LEARN's subject experts with extensive experience in the field of education.\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h5><span class=\"ez-toc-section\" id=\"According_to_NCERT_Solutions_for_Class_10_Economics_Chapter_4_how_is_globalization_defined\"><\/span>According to NCERT Solutions for Class 10 Economics Chapter 4, how is globalization defined?<span class=\"ez-toc-section-end\"><\/span><\/h5>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tGlobalization is described as the integration of countries through international trade and multinational firms' abroad investments (MNCs). This chapter also covers a number of other subjects, including the impact of globalization, how globalization has helped the country's development, rapid technological advancements, and liberalization.\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"sc_fs_faq sc_card \">\n\t\t\t<div>\n\t\t\t\t<h5><span class=\"ez-toc-section\" id=\"What_kind_of_questions_can_I_expect_from_NCERT_Solutions_for_Class_10_Economics_Chapter_4_in_the_CBSE_Term_II_exams\"><\/span>What kind of questions can I expect from NCERT Solutions for Class 10 Economics Chapter 4 in the CBSE Term II exams? <span class=\"ez-toc-section-end\"><\/span><\/h5>\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\tFrom the perspective of the examination, questions about foreign trade and market integration, factors that have permitted globalization, liberalization, the World Trade Organisation, the impact of globalization, and battles for fair globalization can be expected. In our NCERT Solutions, students may discover extensive answers to such questions. Students' CBSE Term II test preparations would be aided by using these materials.\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\n<script type=\"application\/ld+json\">\n\t{\n\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\"@type\": \"FAQPage\",\n\t\t\"mainEntity\": [\n\t\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"How many questions are there in NCERT Solutions for Economics Chapter 4 for Class 10?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"There are a total of 13 questions in the NCERT Solutions for Class 10 Globalization and the Indian Economy. The first ten questions are divided into two categories: short answers and extensive responses. The last three questions are fill-in-the-blanks, match-the-answers, and multiple-choice questions that cover all of the chapter's major points. The answers to these questions are created by a team of INFINITY LEARN's subject experts with extensive experience in the field of education.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"According to NCERT Solutions for Class 10 Economics Chapter 4, how is globalization defined?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"Globalization is described as the integration of countries through international trade and multinational firms' abroad investments (MNCs). This chapter also covers a number of other subjects, including the impact of globalization, how globalization has helped the country's development, rapid technological advancements, and liberalization.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"What kind of questions can I expect from NCERT Solutions for Class 10 Economics Chapter 4 in the CBSE Term II exams? \",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"From the perspective of the examination, questions about foreign trade and market integration, factors that have permitted globalization, liberalization, the World Trade Organisation, the impact of globalization, and battles for fair globalization can be expected. In our NCERT Solutions, students may discover extensive answers to such questions. Students' CBSE Term II test preparations would be aided by using these materials.\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t\t\t\t]\n\t}\n<\/script>\n\n","protected":false},"excerpt":{"rendered":"<p>NCERT Class 10 Economics GLOBALISATION AND THE INDIAN ECONOMY The NCERT Solutions for Class 10 Social Science Understanding of Economic [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"NCERT Class 10 Economics","_yoast_wpseo_title":"(NCERT Class 10 Economics) solutions Social Science Chapter 4 - 2023","_yoast_wpseo_metadesc":"NCERT Class 10 Economics solutions Social Science Understanding of Economic Development Chapter 4 Globalization and the Indian economy.","custom_permalink":"study-materials\/ncert-solutions\/class-10\/social-science\/understanding-of-economic-development\/chapter-4-globalization-and-the-indian-economy\/"},"categories":[19,70],"tags":[],"table_tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - 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