Match the following.
(i) MNCs buy at cheap rates from small (a) Automobiles
producers
(ii) Quotas and taxes on imports are used to (b) Garments, footwear, sports
regulate trade items
(iii)Indian companies who have invested abroad (c) Call centres
(iv) IT has helped in spreading of (d) Tata Motors, Infosys, Ranbaxy
production of services
(v) Several MNCs have invested in setting (e) Trade barriers
up factories in India for production
NCERT Class X
Social Studies - Understanding Economic Development
Chapter _GLOBALISATION AND THE INDIAN ECONOMY
Answers
(ii)Quotas and taxes on imports are used to regulate trade(e)Trade barriers
(iii)Indian companies who have invested abroad(d)Tata Motors, Infosys, Ranbaxy
(iv)IT has helped in spreading of production of services(c)Call centres
(v)Several MNCs have invested in setting up factories in India for production(a)Automobiles
The correct order of matching is
(i) MNCs buy at cheap rates from small - (b) Garments, footwear, sports regulate trade items
(ii) Quotas and taxes on imports are used to - (e) Trade barriers up factories in India for production
(iii) Indian companies who have invested abroad - (d) Tata Motors, Infosys, Ranbaxy production of services
(iv) IT has helped in spreading of - (c) Call centres
(v) Several MNCs have invested in setting - (a) Automobiles producers
Explanation:
MNCs buy Garments, Footwear, Sports items at cheap rates from small producers because it reduces their cost of production and using their brand value they sell them at high prices and earn profits.
Quotas and taxes on imports are used to regulate trade items received through import. These are called Trade barriers. These are imposed to protect the domestic industries from the competition by foreign goods. In the absence of trade barriers the imports would flood the domestic market.
Tata motors, Ranbaxy and Infosys are the Indian companies which have invested in foreign countries.
With the development of satellite communication and e-mail, the Information technology led to the establishment of call centres for the easy dissemination of information.
Because of the presence of huge population and improving living standards, the number of automobiles in India are increasing. Also, because of the increase in Foreign direct investment, several companies have established automobile industries in India.
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