"Globalisation is the process of rapid integration or interconnection between countries." Explain the statement with examples.
Solution and Explanation
Globalization refers to the increasing interconnection of countries through trade, technology, and culture.
• Trade and Commerce: Countries now trade goods and services globally. For example, Indian textiles are exported to Europe.
• Technology Transfer: Advanced technologies are shared between nations. Multinational companies (MNCs) like Apple operate globally.
• Cultural Exchange: Globalization has led to the spread of food, fashion, and ideas across borders.
• Employment Opportunities: MNCs like Amazon and Google have created jobs in developing nations like India.
Top Questions on Globalisation and Indian Economy
- Read the following statements for stimulating the process of globalization and choose the correct options:
I. Government reduces trade barriers.
II. Government reduces competition among producers.
III. Government reduces import and export taxes.
IV. Government removes restrictions on foreign investment.- CBSE Class X - 2025
- Social Science
- Globalisation and Indian Economy
- How did the trade policy implemented in 1991 stimulate globalization in India? Explain with examples.
- CBSE Class X - 2025
- Social Science
- Globalisation and Indian Economy
- How did information and communication technology promote the process of Globalization? Explain.
- CBSE Class X - 2025
- Social Science
- Globalisation and Indian Economy
- How did information and communication technology promote the process of Globalization? Explain.
- CBSE Class X - 2025
- Social Science
- Globalisation and Indian Economy
- Read the following statements for stimulating the process of globalization and choose the correct option: I. Government reduces trade barriers.
II. Government reduces competition among producers.
III. Government reduces import and export taxes.
IV. Government removes restrictions on foreign investment.- CBSE Class X - 2025
- Social Science
- Globalisation and Indian Economy
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