Globalization and the Indian

Economy Marks:10

Assignment
Answer these questions in your register

I. Write in one to two sentences -

1. How does foreign trade benefit the buyers?

2. How can governments use trade barriers in relation to foreign

trade?

3. In which year did India adopt NEP?

II. Write in 80 words-

1. What complaints do farmers of developing countries have

against developed country’s government?

2. What are features of MNC’s?

3. What is Ford Motors? When did it come to India and what did it
do?

4. How were Parakh foods purchased by an American company?

5. How was Indian toy industry affected by Chinese toys?

III. Write in 100 words-

1. How has globalisation benefitted India?

IV. Hot’s question-
1. A group of companies in India wishes to import high quality ACs from
South Korea but have to pay a huge import tax on them which would
make the ACs very expensive leading to a decline in their sale. Ascertain
the role of the import tax in this situation.

V. Activity-

1. Identify the companies of these logos.

2. Name the country of these companies