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Social Science · 2022 · 5 marks
Globalisation and the Indian EconomySpecial Economic Zones (SEZs) and Steps to Attract Foreign Investment5 marks
CBSE 2022 · Region 4 · Set 3 · Q10
(a) Examine the steps taken by the Central Government and State Governments to attract foreign investment in India.
(a)
Examine the steps taken by the Central Government and State Governments to attract foreign investment in India.
OR
(b)
Examine the impact of globalization in India.
Marking-scheme solution
(i) Special Economic Zones (SEZs) have been set up.
(ii) These SEZs have world class facilities viz. electricity, water, roads, transport, storage, recreational and educational facilities.
(iii) Companies who set up production units in the SEZs do not have to pay tax for an initial period.
(iv) Government has also allowed flexibility in the labour laws to attract foreign investment.
(v) Flexible hiring of labour
Or Examine the impact of globalization in India.
(i) Increase in Investment.
(ii) Production standards of several Indian companies have increased.
(iii) New jobs have been created.
(iv) Many Indian companies have become MNCs.
(v) New opportunities for service providing companies. For example IT Companies.
(vi) Expansion of Choice for consumers.
(vii) Expansion of Unorganised sector.
(viii) Stiff competition for local producers to compete in foreign market.
(ix) Exploitation of labour.
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CBSE Class 10 Social Science past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.