✓ Board-verified
Social Science · 2022 · 5 marks
CBSE 2022 · Region 1 · Set 2 · Q10
Assess globalisation in terms of foreign trade and integration of markets."MNCs have been a major force in the globalisation process connecting distant regions of the world." Justify the statement.
Assess globalisation in terms of foreign trade and integration of markets.
"MNCs have been a major force in the globalisation process connecting distant regions of the world." Justify the statement.
Marking-scheme solution
(i) Foreign trade has been the main channel connecting countries.
(ii) It creates an opportunity for the producers to reach beyond the domestic market.
(iii)Foreign market can be integrated through globalization.
(iv) Expansion of choice of goods for the consumers..
(v) Trade and goods travel from one market to another.
(vi) Choice of goods in the markets rises.
(vii) Prices of similar goods in the two markets tend to become equal.
(viii) More employment opportunities for the people across the world
OR
(b) MNCs have been a major force in the globalisation process connecting distant regions of the world. Justify the statement with suitable arguments.
(i) MNCs are spreading their production and interacting with local producers in countries
(ii) By setting up partnerships with local companies
(iii)By using the local companies for supplies
(iv) MNCs sometimes determine the price, quality, delivery and labour conditions for distant producers
(v) By competing with the local companies or buying them up
(vi) MNCs can provide money for additional investments
(vii)MNCs bring latest technology for production
More from Globalisation and the Indian Economy
- Which one of the following is included in 'liberalization'?2024 · asked 3×
- Two statements I and II are given below. Read both the statements carefully and choose the correct option:…2025 · asked 3×
- "Technology is the vital force in the modern form of globalisation." Explain the statement with suitable…2022 · asked 3×
- Choose the correct option to fill the blank. Removing barriers or restrictions on business and trade set by…2024 · asked 3×
- Which one of the following is a major benefit to a local company which goes for joint production with an MNC?2023 · asked 3×
- The growth of digital technology has greatly influenced globalization. Which of the following is its main…2025 · asked 3×
- Examine the debate that took place in the World Trade Organisation for the developing countries. OR Examine…2022 · asked 3×
- Which one of the following is a challenge of Globalisation?2023 · asked 3×
CBSE Class 10 Social Science past-paper question from the 2022board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.