What do you think can be done so that trade between countries is more fair?

>

>

Chapter 4

NCERT

Class 10

Economics

Solutions

2 What do you think can be done so that trade between countries is more fair?

Question:

What do you think can be done so that trade between countries is more fair?

Answer:

Liberalization policy should be adopted to make trade more and more equitable among different countries of the world. Trade barriers should be removed from all countries whether they are developing or developed.

More NCERT Questions

Download Free PDF

(All Q's of this Chapter solved)

question pointer

Choose the most appropriate option. (i) The past two decades of globalisation has seen rapid movements in

question pointer

Match the following. (i) MNCs buy at cheap (a) Automobiles rates from small producers

question pointer

Fill in the blanks. Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ______________.

question pointer

Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?

question pointer

Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.

question pointer

How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.

question pointer

How has liberalisation of trade and investment policies helped the globalisation process?

question pointer

“The impact of globalisation has not been uniform.” Explain this statement.

question pointer

Why do developed countries want developing countries to liberalise their trade and investment? What do you think the developing countries should demand in return?

question pointer

What are the various ways in which MNCs set up, control or produce in other countries?

question pointer

How would flexibility in labour laws help companies?

question pointer

What were the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?

question pointer

What do you understand by globalisation? Explain in your own words.

question pointer

One of the present debates in India is whether companies should have flexible policies for employment. Based on what you have read in the chapter, summarise the point of view of the employers and workers.

question pointer

What can be done by each of the following so that the workers can get a fair share of benefits brought by globalisation?

question pointer

In what ways has competition affected workers, Indian exporters and foreign MNCs in the garment industry?

question pointer

Recent studies point out that small producers in India need three things to compete better in the market (a) better roads, power, water, raw materials,

question pointer

Should producers such as Ravi stop production because their cost of production is higher compared to producers in other countries? What do you think?

question pointer

What are the ways in which Ravi’s small production unit was affected by rising competition?

question pointer

In Chapter 1, we saw what may be development for one may be destructive for others. The setting of SEZs has been opposed by some people in India. Find out who these people are and why they are opposing it.

question pointer

Why do governments try to attract more foreign investment?

question pointer

Should more Indian companies emerge as MNCs? How would it benefit the people in the country?

question pointer

How has competition benefited people in India?

question pointer

In the above example, we saw that the US government gives massive sums of money to farmers for production.

question pointer

Fill in the blanks. WTO was started at the initiative of __________countries. The aim of the WTO is to ____________________.

question pointer

Tax on imports is one type of trade barrier. The government could also place a limit on the number of goods that can be imported.

question pointer

What do you understand by liberalisation of foreign trade?

question pointer

How is information technology connected with globalisation? Would globalisation have been possible without expansion of IT?

question pointer

In the above example, underline the words describing the use of technology in production.

question pointer

Choose the correct option. Globalisation, by connecting countries, shall result in

question pointer

What are the various ways in which countries can be linked?

question pointer

What is the role of MNCs in the globalisation process?

question pointer

How will the import of steel from India into the Chinese markets lead to integration of markets for steel in the two countries? Explain.

question pointer

In recent years China has been importing steel from India. Explain how the import of steel by China will affect.

question pointer

Distinguish between foreign trade and foreign investment.

question pointer

What was the main channel connecting countries in the past? How is it different now?

question pointer

Read the passage on the left and answer the questions. Ford Motors, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world.

question pointer

Complete the following statement to show how the production process in the garment industry is spread across countries.

Buy Latest Books

Teacher's Specimen