CBSE Class 10 > Class 10 Notes > Globalisation and Indian Economy - NCERT Solution, Class 10
Globalisation and Indian Economy - NCERT Solution, Class 10
NCERT TEXTBOOK QUESTIONS
Questions in the Exercise
Q.1. What do you understand by globalisation? Explain in your own words.
Ans. Globalisation means integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital and movement of persons across borders. It includes
(i) Increase in foreign trade
(ii) Export and import of techniques of production.
(iii) Flow of capital and finance from one country to another
(iv) Migration of people from one country to another.
Q.2. What was the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
Ans. The Indian government had put barriers to foreign trade and foreign investment because at that time it was necessary to protect the Indian producers from the foreign competition.
In New Economic Policy in 1991, it was thought by the government to remove these barriers so that Indian producers can compete with producers around the globe. Thus competition improves the quality of their products.
Q.3. How would flexibility in labour laws help companies?
Ans. Flexibility in labour laws helps companies to cut down the cost of production. Now, instead of hiring workers on a regular basis, companies hire workers flexibly for short periods and this reduces the cost of labour for the company.
Q.4. What are the various ways in which MNCs set up or control production in other countries?
Ans. Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions MNCs set up production units in the following ways :
(a) Jointly with some local companies of the existing country.
(b) Buy the local companies and then expand its production with the help of modern technology.
(c) They place orders for small producers and sell these products under their own brand name to the customers worldwide.
Q.5. Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?
Ans. Developed countries feel that all barriers to foreign trade and investment are harmful for international trade. They want that trade between countries should be free. Developed countries like the USA and UK have high production capacity and latest technology.
Developing countries should demand fair globalisation which ensures opportunities and benefits for all. Interest of the workers should also be taken care of.
Q.6. “The impact of globalisation has not been uniform.” Explain this statement.
Ans. While globalisation has benefited the well-off consumers and also producers with skill, education and wealth, many small producers and workers have suffered as a result of the rising competition.
Q.7. How has liberalisation of trade and investment policies helped the globalisation process?
Ans. Liberalisation of trade and investment has facilitated globalisation by removing barriers to trade and investment.
At international level, WTO has put pressure on developing couintries to liberalise trade and investment.
Q.8. How does foreign trade lead to integration of markets across countries? Explain with an example.
Ans. Foreign trade provides opportunities for both producers and buyers to reach beyond the markets of their own countries. Goods travel from one country to another.
Competition among producers of various countries as well as buyers prevails. Thus foreign trade leads to integration of markets across countries. For example, during Diwali season, buyers in India have the option of choosing between Indian and Chinese decorative lights and bulbs. So this provides an opportunity to expand business.
Q.9. Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reason for your answer.
Ans. After twenty years, world would undergo a positive change which will possess the following features—healthy competition, improved productive efficiency, increased volume of output, income and employment, better living standards, greater availability of information and modern technoloy.
Reason for the views given above : These are the favourable factors for globalisation :
(a) Availability of human resources both quantitywise and qualitywise.
(b) Broad resource and industrial base of major countries.
(c) Growing entrepreneurship
(d) Growing domestic market.
Q.10. Supposing you find two people. One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?
Ans. Benefits of globalisation of India :
(a) Increase in the volume of trade in goods and services
(b) Inflow of private foreign capital and export orientation of the economy.
(c) Increases volume of output, income and employment.
Negative Impact / Fears of Globalisation.
(a) It may not help in achieving sustainable growth.
(b) It may lead to widening of income inequalities among various countries.
(c) It may lead to aggravation of income inequalities within countries.
Whatever may be the fears of globalisation, I feel that it has now become a process which is catching the fancy of more and more nations. Hence we must become ready to accept globalisation with grace and also maximise economic gains from the world market.
Q.11. Fill in the blanks :
Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of
(1) Markets in India are selling goods produced in many other countries. This means there is increasing
(2) with other countries. Moreover, the rising number of brands that we see in the market might be produced by MNCs in India. MNCs are investing in India because
(3) . While consumers have more choices in the market, the effect of rising (4) and (5) has meant greater (6) among the producers.
Ans. (1) Globalisation (2) Trade (3) They can get cheap labour (4) Prices (5) Standard (6) Competition
Q.12. Match the following.
(i) MNCs buy at cheap rates from small producers (a) Automobiles
(ii) Quota and taxes on imports are used to (b) Garment, footwear, sports regulate trade items
(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 (e) Trade barriers. in India for production of
Ans. (i) (b) (ii) (e) (iii) (d) (iv) (c) (v) (a)
Q.13. Choose the most appropriate option.
(i) The past two decade of globalisation has seen rapid movements of
(a) goods, services and people between countries.
(b) goods, services and investments between countries.
(c) goods, investment and people between countries.
(ii) 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 partnership with local companies.
(iii) 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.
Ans. (i) (a) (ii) (b) (iii) (c)
FAQs on Globalisation and Indian Economy - NCERT Solution, Class 10
| 1. What is globalisation? |  |
Ans. Globalisation is the process of international integration that results from the exchange of goods, ideas, culture and people across national borders. It involves the increased interconnectedness and interdependence of the world's economies, societies, and cultures.
| 2. How has globalisation impacted the Indian economy? | |
Ans. Globalisation has had a significant impact on the Indian economy. It has led to an increase in foreign investment, the growth of multinational corporations, and the expansion of trade and exports. However, it has also resulted in job losses in certain sectors and increased inequality between different groups.
| 3. What are some of the benefits of globalisation for the Indian economy? | |
Ans. Globalisation has brought several benefits to the Indian economy, including increased economic growth, foreign investment, and technological advancements. It has also opened up new markets for Indian goods and services and increased the country's competitiveness in the global economy.
| 4. What are some of the challenges posed by globalisation for the Indian economy? | |
Ans. Globalisation has also presented several challenges for the Indian economy, including job losses in certain sectors, increased inequality, and environmental degradation. It has also led to the exploitation of workers and the displacement of small-scale industries and traditional occupations.
| 5. What measures can be taken to ensure that the benefits of globalisation are more widely shared in India? | |
Ans. To ensure that the benefits of globalisation are more widely shared in India, policymakers can implement measures such as investing in education and training for workers, promoting small and medium-sized enterprises, and protecting the rights of workers. They can also work to address issues of inequality and environmental degradation by implementing policies that promote sustainable development and social welfare.
About this Document
23.7K Views
4.7/5 Rating
Apr 19, 2026 Last updated
Related Exams
Document Description: Globalisation and Indian Economy - NCERT Solution, Class 10 for Class 10 2026 is part of Class 10 preparation. The notes and questions for Globalisation and Indian Economy - NCERT Solution, Class 10 have been prepared according to the Class 10 exam syllabus. Information about Globalisation and Indian Economy - NCERT Solution, Class 10 covers topics like and Globalisation and Indian Economy - NCERT Solution, Class 10 Example, for Class 10 2026 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Globalisation and Indian Economy - NCERT Solution, Class 10.
Introduction of Globalisation and Indian Economy - NCERT Solution, Class 10 in English is available as part of our Class 10 preparation & Globalisation and Indian Economy - NCERT Solution, Class 10 in Hindi for Class 10 courses. Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free. Class 10: Globalisation and Indian Economy - NCERT Solution, Class 10
Description
Globalisation & Indian Economy of covers all the important topics, helping you prepare for the Class 10 exam on EduRev. Start for free!
Information about Globalisation and Indian Economy - NCERT Solution, Class 10
In this doc you can find the meaning of Globalisation and Indian Economy - NCERT Solution, Class 10 defined & explained in the simplest way possible. Besides explaining types of Globalisation and Indian Economy - NCERT Solution, Class 10 theory, EduRev gives you an ample number of questions to practice Globalisation and Indian Economy - NCERT Solution, Class 10 tests, examples and also practice Class 10 tests.
Related Searches
Objective type Questions, Class 10, Globalisation and Indian Economy - NCERT Solution, pdf , Class 10, practice quizzes, study material, shortcuts and tricks, Globalisation and Indian Economy - NCERT Solution, Viva Questions, Free, Exam, Class 10, mock tests for examination, ppt, Sample Paper, video lectures, MCQs, Important questions, Semester Notes, Previous Year Questions with Solutions, Summary, past year papers, Extra Questions, Globalisation and Indian Economy - NCERT Solution;