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?
Globalization has come with both advantages and disadvantages in our country.
- The advantages of increased globalization are:
- Increase in the volume of trade
- Increase in the employment opportunities
- Increase in variety of goods in the market, for the buyers to choose from
- Improvement in the quality of goods due to increased competition in the market. The disadvantages of increased globalization are:
- Small scale industrialists may not be able to compete with those international enterprises and earn much profit.
- Workers are employed flexibility hence they do not get job security.
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:-
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.
- Q:-
“The impact of globalisation has not been uniform.” Explain this statement.
- Q:-
In situations with high risks, credit might create further problems for the borrower. Explain?
- Q:-
Find out the present sources of energy that are used by the people in India. What
could be the other possibilities fifty years from now? - 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.
- NCERT Chapter