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Social Science · 2023 · 5 marks
CBSE 2023 · Region 2 · Set 1 · Q33
(a) How do Multinational Corporations (MNCs) interlink production across countries? Explain with examples.
(a)
How do Multinational Corporations (MNCs) interlink production across countries? Explain with examples.
OR
(b)
Explain any five steps taken by the Central and State Governments to attract foreign investments. $\displaystyle 5 \times 1=5$
Marking-scheme solution
(i) MNCs set up production where it is close to the markets; where there is skilled and unskilled labour available at low costs.
(ii) Availability of other factors of production is assured.
(iii) The goods and services are produced globally as a result production is organized in increasingly complex ways.
(iv) MNCs set up factories and offices for production where facilities are available.
(v) MNCs set up production jointly with some of the local companies.
(vi) Sometimes MNC place orders for production with small producers
(vii) MNCs set partnership with local companies.
(viii) MNCs exert strong influence on production at distant locations.
(b)“Explain any five steps taken by the Central and State Government to attract foreign investments.
(i) Govt has removed barriers on foreign trade and foreign investment.
(ii) Liberalised policies have been introduced for globalization.
(iii) Industrial zones called special Economic Zones (SEZs) are being set up.
(iv) World class facilities like electricity, water, recreational, transport, storage facilities have been provided to foreign companies.
(v) Production unit in the SEZs do not have to pay taxes for first five years.
(vi) Government has also allowed flexibility to the labour laws to attract foreign investment.
(vii) Foreign Direct Investments and deregulation policies.
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CBSE Class 10 Social Science past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.