Unit 4 Ch 5 : Consumer Rights — Social Studies STD 10 — Question

Give an example to show that double coincidence of wants is necessary in a barter system.

How can we tackle the problem of unemployment in semi-urban areas?

What are the effects of foreign trade?

How have markets been transformed in recent years? Explain with examples.

"Globalisation and competition among producers has been of advantage to the consumers." Give arguments in support of this statement.

What changes do you find with the arrival of MNCs in the markets?

What precautions do you suggest for a consumer to take while purchasing medicines from the market?

How are cooperatives functioning in the rural areas to solve the problem of credit?

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?

What are ‘demand deposits’?