Globalisation and Indian Economy
Q & A based on NCERT Chapter
Q: Define Globalisation.
Answer: Globalisation is an integration among the countries through foreign trade and foreign investments by MNCs. Its a linkage of nation's markets with global markets.
Q: What is MNC? Give two examples.
Answer: Multinational Corporation or MNC is a business firm operating in several countries but centrally managed from one (home) country.
Examples of MNCs in India: Nokia, Ford, L&T, Oracle
Q: List three factors for globalisation.
Answer: Factors for globalisation are:
Ⓐ Liberalisation of trade and investment policies.
Ⓑ Improvement in Technology
Ⓒ Influence from international organizations.