Download App

Unit 4 Ch 4 : Globalization and the Indian Economy — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 4 : Globalization and the Indian Economy5 Marks
Question
Explain the role of multinational corporations in the globalisation process.
✓

Answer

The multinational companies play a major role in the process of globalisation. They have spread their production in various countries. MNCs set up offices in regions where they can get cheap labour and other resources to carry the operations. They set up the production units in those places which are quite close to the market and labours are easily available. This is done so that the cost of production can be reduced and they can earn greater profits. MNCs also set up production jointly with some of the local companies of countries.
A large part of foreign trade is controlled by the MNCs and also the foreign investment by the MNCs in different countries has risen in recent times. The result of all this has been the greater integration of production and markets across countries.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "LONG ANS. QUESTIONS(5 Mark)" from Unit 4 Ch 4 : Globalization and the Indian Economy→Unit 4 Ch 4 : Globalization and the Indian Economy — all question types→Social Studies STD 10 question papers→CBSE Board STD 10 question papers→CBSE Board question paper generator→

Similar questions

"Most of the poor households still depend on the informal sector for loans, both in rural and urban areas of India." Support the statement with three examples.
→
Give an example of how people can have more than one identity and can belong to more one social group.
→
What was the reason of the civil war in Sri Lanka? What was its impact on the country?
→
Differentiate between the two types of interest groups. Give an example of each.
→
What is the role played by the banks in the economic development of a country?OR
"Deposits with the banks are beneficial to the depositers as well as to the nation." Examine the statement.
OR
"Deposits with the banks are beneficial to the depositors as well as to the nation". Examine the statement.
OR
"How do banks play an important role in the economy of India?" Explain.
→
Why are countries of the Middle east not called ‘developed’ in spite of high per capita income?
→
What differentiates a ferrous mineral from a non-ferrous mineral?
→
Write down different method of checking soil erosion.
→
Read the passage on the left and answer the questions.
Ford Motors, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world. Ford Motors came to India in 1995 and spent Rs. 1700 crore to set up a large plant near Chennai. This was done in collaboration with Mahindra and Mahindra, a major Indian manufacturer of jeeps and trucks. By the year 2004, Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico and Brazil. The company wants to develop Ford India as a component supplying base for its other plants across the globe.
Why do you think the company wants to develop India as a base for manufacturing car components for its global operations? Discuss the following factors:
  1. Cost of labour and other resources in India.
  2. The presence of several local manufacturers who supply autoparts to Ford Motors.
  3. Closeness to a large number of buyers in India and China.
→
Which form of governments has the ability to handle social difference, division, and conflicts?
→