Case study Questions in Class 10 Social Science Economics Chapter 4 are very important to solve for your exam. Class 10 Social Science Chapter 4 Case Study Questions Class 10 Economics have been prepared for the latest exam pattern. You can check your knowledge by solving case study-based questions for Class 10 Social Science Chapter 4 Globalization and the Indian Economy
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In CBSE Class 10 Social Science Paper, Students will have to answer some questions based on Assertion and Reason. There will be a few questions based on case studies and passage-based as well. In that, a paragraph will be given, and then the MCQ questions based on it will be asked.
Globalization and the Indian Economy Case Study Questions With Answers
Here, we have provided case-based/passage-based questions for Class 10 Social Science Chapter 4 Globalization and the Indian Economy
Case Study/Passage-Based Questions
Case Study 1: Let us see the effect of Foreign trade through the example of Chinese toys in the Indian markets. Chinesemanufacturerslearnofanopportunitytoexport toystoIndia, where toys are sold at a high price. They start exporting plastic toys to India. Buyers in India now have the option of choosing between Indian and the Chinese toys. Because of the cheaper prices and new designs, Chinese toys become more popular in the Indian markets. Within a year, 70 to 80 percent of the toy shops have replaced Indian toys with Chinese toys. Toys are now cheaper in the Indian markets than earlier. What is happening here? As a result of trade, Chinese toys come into the Indian markets. In the competition between Indian and Chinese; toys, Chinese toys prove better. Indian buyers have a greater choice of toys at lower prices. For the Chinese toy makers, this provides an opportunity to expand business. The opposite is true for Indian toy makers. They face losses, as their toys are selling much less.
(i) The Chinese toys have made a global presence in Indian markets too. If India bans Chinese products in their market then what will it imply?
(a) It will decrease the competition in the Indian markets.
(b) It will be an unhealthy business practice.
(c) It will impact economic as well as political relations between the two nations.
(d) Both (b) and (c)
Answer: (d) Both (b) and (c)
(ii) What is the basic function of foreign trade with reference to the given case?
(a) It connects markets of different countries.
(b) It creates opportunities for only the buyer to approach foreign goods.
(c) It connects markets of two countries only.
(d) Foreign trade connects developed countries only.
Answer: (a) It connects markets of different countries.
(iii) What will happen if tax is imposed on Chinese toys?
(a) Chinese toymakers will benefit.
(b) Indian toymakers will prosper.
(c) Chinese toys will remain cheap
(d) Indian consumers will buy more Chinese toys.
Answer: (b) Indian toymakers will prosper.
(iv) How have markets been transformed in recent years?
(a) Goods become cheaper and have many choices to the user.
(b) Lower job opportunities for people.
(c) High competition among the makers of goods and services
(d) Both (a) and (c)
Answer: (d) Both (a) and (c)
(v) How does foreign trade integrate the markets?
(a) Producers get an opportunity to go beyond their domestic markets.
(b) Producers can sell their produce in markets all over the world.
(c) Both (a) and (b)
(d) Foreign trade has limited the scope of enhancing trade among the countries
Answer: (c) Both (a) and (b)
(vi) Read the following statements and choose the incorrect statements about the impacts of Chinese goods on the Indian goods market.
I. Indian goods are facing crises due to cheap products offered by China into the Indian markets.
II. Chinese goods dominate the Indian markets.
III. Indian goods are less expensive then Chinese goods.
Codes
(a) Both I and II (b) Only II
(c) Only III (d) Both II and III
Answer: (c) Only III
Case Study 2: The chapter “Globalization and the Indian Economy” in Class 10 Economics explores the impact of globalization on the Indian economy. It delves into the concept of globalization and how it has transformed various sectors of the economy, including trade, investment, and technology. The chapter discusses the liberalization and privatization policies implemented in India to integrate with the global economy. It examines the positive and negative effects of globalization on different sections of society, such as farmers, workers, and consumers. The chapter also covers the role of multinational corporations (MNCs) in the Indian economy and the challenges faced by domestic industries in the era of globalization. Additionally, it emphasizes the need for inclusive and sustainable development in the context of globalization.
Which chapter in Class 10 Economics focuses on globalization and the Indian economy?
a) Chapter 1: Development
b) Chapter 3: Money and Credit
c) Chapter 5: Consumer Rights
d) Chapter 7: Globalization and the Indian Economy
Answer: d) Chapter 7: Globalization and the Indian Economy
What sectors of the Indian economy are discussed in relation to globalization?
a) Only agriculture sector
b) Only manufacturing sector
c) Only services sector
d) Trade, investment, and technology sectors
Answer: d) Trade, investment, and technology sectors
What are some of the effects of globalization on different sections of society discussed in the chapter?
a) Positive effects on farmers, workers, and consumers
b) Negative effects on farmers, workers, and consumers
c) No effects on farmers, workers, and consumers
d) Positive effects on multinational corporations (MNCs)
Answer: b) Negative effects on farmers, workers, and consumers
What are some of the challenges faced by domestic industries in the era of globalization?
a) Increased competition from multinational corporations (MNCs)
b) Access to new markets and technology
c) Government support and protection
d) No challenges faced by domestic industries
Answer: a) Increased competition from multinational corporations (MNCs)
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