✓ Board-verified
Social Science · 2022 · 5 marks
CBSE 2022 · Region 4 · Set 1 · Q10
How are our markets transformed in recent years ? Explain with examples.How do Multi National Corporations (MNCs) interlink production across countries ? Explain with examples.
How are our markets transformed in recent years ? Explain with examples.
How do Multi National Corporations (MNCs) interlink production across countries ? Explain with examples.
Marking-scheme solution
(i) After $\displaystyle 1991$ Indian markets have been integrated with the foreign markets.
(ii) Barriers on foreign trade and foreign investment have been removed to large extent.
(iii) Producers can sell their products in foreign markets.
(iv) Import and export decisions are taken by businesses due to liberalization of trade by the govt.
(v) The government imposes much less restrictions on trade.
(vi) MNCs have increased their investments in India in last few years leading to new products, choices and jobs.
(vii) Moreover, globalisation has enabled some large Indian companies to emerge as MNCs.
(viii) There is a wide choice of goods and services available in the market.
(ix) The latest models of digital cameras, mobile phones and televisions made by the leading companies of the world are within the reach of the consumers.
(x) New models of automobiles can be seen on Indian roads.
(xi) Many new brands of different goods can be seen in the market.
OR
(b) How do Multi-National Corporations (MNCs) interlink production across countries? Explain with examples.
(i) MNCs set up production where it is close to the markets.
(ii) They setup production where there is availability of skilled and unskilled labour and other factors of production.
(iii) MNCs set up production in different ways in different countries.
(iv) MNCs buy up local companies and expand their production.
(v) MNCs work jointly with the local companies.
(vi) Large MNCs place orders for production with small producers.
(vii) MNCs are spreading their production and interacting with the local producers in various countries across the globe.
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.