Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

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.
Nearly all major multinationals are American, Japanese or European, such as Nike, Coca-Cola, Pepsi, Honda, Nokia. Can you guess why?

Explain with an example as to how information technology is connected with globalisation.

Why are rules and regulations required in the marketplace? Illustrate with a few examples.

What is an organised sector? Give any three benefits of the organised sector.

How do we count various goods and services for calculating Gross Domestic Product (G.D.P.) of a country? Explain with example.

Explain with examples, how people are involved with the banks.

How does the use of money make it easier to exchange things?

“The consumer movement arose out of dissatisfaction of the consumers”. Justify the statement with arguments.

How did consumer movement arise in India? Explain.

Give one example to show how the tertiary sector depends on the primary sector in rural India.