✓ Board-verified
Social Science · 2025 · 2 marks
Globalisation and the Indian EconomyForeign Trade and Integration of Markets2 marksUnderstandvery short answer
CBSE 2025 · Region 5 · Set 3 · Q24
Explain the contribution of foreign trade as an important factor of globalization.
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.
All Globalisation and the Indian Economy questions2025 question paperPractice Globalisation and the Indian Economy →
More from Globalisation and the Indian Economy
- Which one of the following is included in 'liberalization'?2024
- What changes did the Government of India make in its economic policies in the beginning of 1991? Explain.2025
- The removal of barriers on foreign trade and investment by the Indian government has been called as:2026
- How are our markets transformed in recent years? Explain with examples. OR How do Multi National Corporations (MNCs) interlink production across…2022
- How did the changes made in the Indian economy in 1991 promote globalisation? Explain with examples.2026
- Two statements I and II are given below. Read both the statements carefully and choose the correct option: Statement I: Rapid improvement in…2025
- "Technology is the vital force in the modern form of globalisation." Explain the statement with suitable examples. OR "The impact of globalisation…2022
- Why do some countries impose tariffs on imported goods in the context of globalization? Choose the correct reason from the following options: 12026
CBSE Class 10 Social Science past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.