Q.1 What do you mean by globalization? What are the effects of
globalization in India?
Q.2 What is WTO? What are the aim of WTO? What are the drawback of
WTO?
Q.3 What is MNC's? How MNC's can spread and get control over
productions?
Q.4 What is investment? How is foreign investment different from it?
Q.5 Why are the trade barriers imposed on the foreign trade and
investment in a country?
Q.6 Describe any five advantages to consumers due to globalization and
greater competition among producers.
Q.7 What are the factors have stimulated the globalization process?
Q.8 How the liberalization policy was gradually adopted in India?
Q.9 What is liberalization? Describe any five effects of liberalization on the
Indian Economy.
Q.10 How information technology is encouraging the Globalisation ?
Explain
Answers
Answer:
globalization is very harmful for human
Answer:
answer of q no 1
Explanation:
Globalization is the integration or interconnection between the countries through trade and foreign investments by multinational corporations (MNCs).
Positive impacts:-
1) Greater choice and improved quality of goods at competitive price and hence raises standard of living.
2) MNCs have increased investments in India.
3) Top Indian companies emerged as multinationals.
4) Created new opportunities for companies providing services like IT sector.
5) Collaborations with foreign companies help a lot to domestic entrepreneurs.
Negative impacts:-
1) Indian Economy faced the problem of brain drain.
2) Globalization has failed to mark its impact on unemployment and poverty.
3) Cut in farm subsidies.
4) Closure of small industries.