What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
The Indian government after independence had put barriers to foreign trade
and foreign investment. This was done to protect the producers within the country from foreign competition especially when industries had just started to come up in the 1950s and 1960s. but later in 1990s the government accepted that foreign competition would encourage Indian industrialists to improve the quality of their products and removing these barriers would increase trade and quality of products produced in the country.
Popular Questions of Class 10 Social Science - Understanding Economic Development
- Q:-
The following table shows the proportion of adults (aged 15-49 years) whose BMI
is below normal (BMI <18.5 kg/m2) in India. It is based on a survey of various
states for the year 2015-16. Look at the table and answer the following questions.(i) Compare the nutritional level of people in Kerala and Madhya Pradesh.
(ii) Can you guess why around one-fifth of people in the country are undernourished even though it is argued that there is enough food in the country? Describe in your own words. - Q:-
Explain how public sector contributes to the economic development of a nation.
- Q:-
Workers are exploited in the unorganised sector. Do you agree with this view? Give reasons in support of your answer.
- Q:-
“Tertiary sector is not playing any significant role in the development of Indian
economy.” Do you agree? Give reasons in support of your answer. - Q:-
For each of the sectors that we came across in this chapter why should one focus on employment and GDP? Could there be other issues which should be examined? Discuss.
- Q:-
Why is the issue of sustainability important for development?
- Q:-
For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom. - Q:-
Critically examine the progress of the consumer movement in India?
- Q:-
Distinguish between open unemployment and disguised unemployment.
- Q:-
Analyse the role of credit for development.
Recently Viewed Questions of Class 10 Social Science - Understanding Economic Development
- Q:-
The following table shows the proportion of adults (aged 15-49 years) whose BMI
is below normal (BMI <18.5 kg/m2) in India. It is based on a survey of various
states for the year 2015-16. Look at the table and answer the following questions.(i) Compare the nutritional level of people in Kerala and Madhya Pradesh.
(ii) Can you guess why around one-fifth of people in the country are undernourished even though it is argued that there is enough food in the country? Describe in your own words. - Q:-
Development of a country can generally be determined by
(i) its per capita income
(ii) its average literacy level
(iii) health status of its people
(iv) all the above - Q:-
Service sector in India employs two different kinds of people. Who are these?
- Q:-
Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?
- Q:-
What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
- Q:-
Match the following.
(i) MNCs buy at cheap rates from small producers
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Automobiles
(ii) Quotas and taxes on imports are used to regulate trade
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Garments, footwear, sports items
(iii) Indian companies who have invested abroad
(c) Call centres
(iv) IT helped in spreading of production of services
(d) Tata Motors, Infosys, Ranbaxy
(v) Several MNCs have invested in setting up factories in India for production
(e) Trade barriers
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- Q:-
How would flexibility in labour laws help companies?
- Q:-
In India, about 80 percent of farmers are small farmers, who need cultivation.
(a) Why might banks be unwilling to lend to small farmers? (b) What are the other sources from which the small farmers can borrow? (c) Explain with an example of how the terms of credit can be unfavorable for the small farmer.
(d) Suggest some ways by which small farmers can get cheap credit. - Q:-
Workers are exploited in the unorganised sector. Do you agree with this view? Give reasons in support of your answer.
- Q:-
Analyse the role of credit for development.
- NCERT Chapter