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Globalisation and the Indian Economy (Project topics)
Social Science (Non-Board / Project) · CBSE Class 10 · English Medium · 15 questions and answers
Sample questions
- Q: What is a Multi-National Corporation (MNC)?
- A: An MNC is a company that owns or controls production in more than one nation; MNCs set up offices and factories for production in regions where they can get cheap labour and other resources.
- Q: On what basis do MNCs decide where to set up production?
- A: MNCs set up production where it is close to the markets, where there is cheap labour and other resources, and where the government policies look after their interests, to earn greater profits.
- Q: What is foreign trade and how does it integrate markets?
- A: Foreign trade creates an opportunity for producers to reach beyond domestic markets; it connects the markets of different countries and allows goods to travel from one country to another, giving buyers a choice of goods.
- Q: How do MNCs spread production across countries?
- A: MNCs set up production jointly with local companies, buy up local companies, or place orders for production with small producers; goods and services are produced globally and this spreads production across countries.
- Q: What is foreign investment?
- A: Investment made by MNCs is called foreign investment; any investment is made with the hope that these assets will earn profits.
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