Download App

Unit 4 Ch 4 : Globalization and the Indian Economy — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 4 : Globalization and the Indian Economy5 Marks
Question
Analyze the Impact of globalization.
✓

Answer

Positive:
  1. Wide variety of good is now available to the consumers.
  2. New jobs are created in industries.
  3. Local companies have prospered through supplying raw materials to the industries.
  4. Top Indian companies have benefitted for successful collaborations with foreign companies.
Negative:
  1. Globalization has led to the annihilation of small producers who face stiff competition from cheaper imports.
  2. Workers no longer have job security as they are employed ‘flexibly’.
  3. It may lead to greater dependence of underdeveloped countries on advanced countries.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "LONG ANS. QUESTIONS [5M - ECONOMICS]" from Unit 4 Ch 4 : Globalization and the Indian Economy→Unit 4 Ch 4 : Globalization and the Indian Economy — all question types→Social Studies STD 10 question papers→CBSE Board STD 10 question papers→CBSE Board question paper generator→

Similar questions

Describe the vital and positive role of credit with examples.
→
"Advancement of international trade of a country is an index to its prosperity." Support the statement with suitable examples.
→
By what means can the consumers express their solidarity?
→
Describe any five factors that promote the Multinational Corporations (MNCs) to setup their production units in a particular place.
→
Describe the major problems created by the globalization for a large number of small producers and workers.
→
Illustrate with examples the role of ‘loan’ in ‘businesses’.
→
What is consumer exploitation? What are the various ways in which a consumer can be exploited?
→
Distinguish Between modern and traditional forms of money.
→
How would you distinguish between organised and unorganised sectors? Explain in your own words.
→
State the measures taken to protect the labourers in the unorganised sector.###How can workers in the unorganized sector be protected? Explain.
→