Chapter- 4 Globalisation and the Indian Economy
Topic-Very short Questions
Q 1.What is foreign investment?
Ans- Investments by citizens or company of one nation to other nation is
known as investment. Investment made by MNC's is also called foreign
investment.
Q 2.What is Globalisation?
Ans- It is the process of integration or interconnection between countries. It
allows free flow of trade, capital and human resource across borders.
Q 3.Define Liberalisation.
Ans- Removing unwanted barriers or restrictions set by the government
from trade is known as Liberalisation.
Q 4.Mention one feature of MNC's.
Ans- An MNC sells its finished products globally.
Q 5.Name any two Indian MNC's.
Ans- Tata Motors, Infosys
Q 6.What is the importance of trade barrier for the government?
Ans- Government use trade barriers to increase or decrease foreign trade
and to decide what kinds of goods and how much of each, should come
into the country.
Topic- Short and long Questions
Q 1.How have the Multinational Corporations changed the world economy?
Explain.
Ans.(1) Before the entry of the MNCs, production was largely organised
Topic-Very short Questions
Q 1.What is foreign investment?
Ans- Investments by citizens or company of one nation to other nation is
known as investment. Investment made by MNC's is also called foreign
investment.
Q 2.What is Globalisation?
Ans- It is the process of integration or interconnection between countries. It
allows free flow of trade, capital and human resource across borders.
Q 3.Define Liberalisation.
Ans- Removing unwanted barriers or restrictions set by the government
from trade is known as Liberalisation.
Q 4.Mention one feature of MNC's.
Ans- An MNC sells its finished products globally.
Q 5.Name any two Indian MNC's.
Ans- Tata Motors, Infosys
Q 6.What is the importance of trade barrier for the government?
Ans- Government use trade barriers to increase or decrease foreign trade
and to decide what kinds of goods and how much of each, should come
into the country.
Topic- Short and long Questions
Q 1.How have the Multinational Corporations changed the world economy?
Explain.
Ans.(1) Before the entry of the MNCs, production was largely organised
