economics - globalisation and the indian economy

Class 10 - Economics

Globalisation and the Indian Economy

Q&A
Question:

IT in globalisation “ Discuss.

Answer:

Information and communication technology (or IT in short) has played a major role in globalisation. Production of services has spread rapidly across countries due to the growth in Information technology.
Many MNCs are service based companies therefore the transfer of information is very vital to them. Computers , internet facilities, telegraph, telephones mobile phones, and fax are used to contact one another around the world, to access information instantly, and to communicate from remote areas. This has been facilitated by satellite communication devices. Internet also allows us to send instant electronic mail (e-mail) and talk (voice-mail) across the world at negligible costs.

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Questions and Answers


Globalisation and the Indian Economy - Questions
1.

What are the factors that have enabled globalisation ?


Answer
2.

What are the positive impacts of globalisation in India ?


Answer
3.

What is meant by interlinking production across countries?


Answer
4.

What are the factors that have enabled globalisation?


Answer
5.

How would flexibility in labour laws help companies?


Answer
6.

What are the various ways in which MNCs set up, or control, production in other countries?


Answer
7.

Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?


Answer
8.

Mention a few negative impacts of globalisation in India.


Answer
9.

Differentiate between a ˜permanent worker ' and a ˜temporary worker'.


Answer
10.

Write a short note on MNCs with an example.


Answer
11.

IT in globalisation  Discuss.


Answer
12.

What are the positive impacts of globalisation in India?


Answer
13.

Mention a few negative impacts of globalisation in India.


Answer
14.

IT in globalisation “ Discuss.


Answer
15.

What do you understand by globalisation? Explain in your own words.


Answer
16.

How has liberalisation of trade and investment policies helped the globalisation process?


Answer
17.

How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.


Answer
18.

Write a short note on WTO.


Answer
19.

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?


Answer
20.

“The impact of globalisation has not been uniform.” Explain this statement.


Answer
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