class 10 economic chapter 4 important question
Answers
Answer:
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Explanation:
Question 1.
What are Multi-National Corporations (MNCs)? Answer:
A Multi-National Corporation (MNC) is a company that owns or controls production in more than one nation. The goods and services are produced globally. The production process is divided into small parts and spread out across the globe.
Question 2.
Explain 'what is investment? Give a few examples of investment.
Answer:
Investment is buying of an asset in the form of a
factory, a machine, land and building, etc. (Physical assets) or shares (monetary assets) for the purpose of making or sharing profits of the enterprises concerned.
Common inv2011 OD) Answer:
Tax on imports is known as a trade barrier because it increases the price of imported commodities. It is. called a barrier because some restriction has been set up.
Question 5.
Which organization lays stress on liberalization of foreign trade and foreign investment? (2014 D, 2012 OD)
Answer:
World Trade Organ (wto)
Question 6.
Give one characteristic feature of a 'Special Economic Zone'?
Answer:
Special Economic Zones or SEZs are industrial zones set up by the government having word class facilities such as electricity, water, roads, transport, storage, recreational and educational facilities. Companies who set up production units in SEZS are exempted from taxes for an initial period of five years.
Question 7.
Name an important barrier on foreign trade. (2013
D)
Answer:
Tax on imports is an important barrier on foreign ,Tunun imports is an important barrier on foreign
trade.
Question 8.
What is meant by "fair globalization'? (2013 OD) Answer:
Fair globalization means globalization that would
create opportunities for all and ensure that its benefits are shared better.
Question 9.
What do you understand by the term 'Foreign Direct Investment'? (2014 OD)
Answer:
FDI is the investment of foreign capital in the economic and productive activities of a country by foreign companies or MNCs with the aim of expanding capacity and production to earn profits.
Question 10.
Why had the Indian Government put barriers to foreign trade and foreign investment after independence? State any one reason. (2015 D) Answer:
The Indian government after independence had put barriers to foreign trade and investment.
• This was done to protect the producers within the country from foreign competition.
• To protect the Indian economy from foreign
infiltration in industries affecting the economic growth of the country as planned.
Question 11.
What is meant by trade barrier? (2015 OD)
Answer:
Barriers or restrictions that are imposed by the government on free import and export activities are called trade barriers. Tax on imports is an example of a trade barrier because it increases the price of imported commodities. The government can use a trade barrier like 'tax' to increase or decrease (regulate) foreign trade and to decide what kind of goods and how much of what should come into the country.
Question 12.
Differentiate between investment and foreign investment. (2016 D)
Answer:
The money that is spent to buy assets (land,
building, machines and other equipments) is
called investmont while the investment made byng, machines and other equipments) is called investment, while the investment made by the MNCs is called foreign investment.
X MUTUAL FUNDS
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Market upar ho ya neeche, goal pe focussed rehna
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Question 13.
Why do MNCs set up their offices and factories in those regions where they get cheap labour and
other resources? (2016 OD)
Answer:
MNCs set up offices and factories for products in regions where they can get cheap labour and
other resources so that-
•the cost of production is low
••the MNCs can earn greater profits.
Explanation:
A cylinder is made out of wood, a conical wedge is bored on one side and a hemispherical wedge is bored on the other side as shown in the figure. the height of the cylinder is 40cm and radius of the cylinder is 7cm, if the height of the cone is 24cm find the volume the solid.