Question

Indian government impose tax on import of Chinese toys to promote Indian toys. By what term it is known in globalisation?
(Class 10 SSt Sample Question Paper)

Answer 1

SOLUTION:
In globalisation it is known as Trade barriers. Trade barrier refers to the imposition of tax on the import of goods from foreign countries. The Indian government had put barriers to foreign trade and foreign investment after independence.

The objectives were:

1.To protect the domestic produce from the foreign competition.

2.To provide opportunity to new industries to develop their position in the market.

3.To control the quantity of imports in the country.

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Answer 2

Answer:by the term of transportation and development

Explanation: