CBSE 2025 · Region 5 · Set 3 · Q24 · 2 marks
Explain the contribution of foreign trade as an important factor of globalization.
Marking-scheme solution
(i) Foreign trade is the most important factor for globalisation.
(ii) It enables the exchange of goods and services across national borders through imports and exports.
(iii)This helps in the integration of markets and enables the process of globalization.
(iv) Liberalisation in $\displaystyle 1991$ removed barriers, opened Indian markets to foreign trade contributing to globalization.
(v) Integration of markets due to globalisation has led to exchange of technology and innovation.
Globalisation and the Indian EconomyForeign Trade and Integration of MarketsUnderstandvery_short_answermedium
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CBSE Class 10 Social Science past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.