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Social Science · 2025 · 2 marks
Globalisation and the Indian EconomyLiberalisation of Foreign Trade and Foreign Investment Policy2 marksUnderstandvery short answer
CBSE 2025 · Region 5 · Set 1 · Q24
How did liberalization promote the process of globalization in India? Explain.
How did liberalization promote the process of globalization in India ? Explain.
Marking-scheme solution
(i) Barriers on foreign trade and foreign investment were removed to a large extent.
(ii) The goods could now be imported and exported easily.
(iii) Foreign companies could now setup factories and offices in India.
(iv) With liberalization of trade, businesses are allowed to make decisions freely about what they wish to import or export.
(v) Government has created Special Economic Zones (SEZs) to promote and attract foreign investment.
(vi) MNCs have increased their investments in India.
(vii) Globalisation has enabled some large Indian companies to emerge as multinationals.
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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.