NCERT Solutions for Class 10 Social Science Understanding Economic Development Chapter 4 - Globalisation and the Indian Economy PDF Download
Globalization and the Indian Economy provide students with a thorough understanding of the various aspects of Economics. Globalization Class 10 is an important chapter as it provides students with the basic foundation of various terms of Economics. The Globalization and the Indian economy Class 10 NCERT Solutions would help students to clear their doubts on the various aspects of the Indian economy.
During the revision time, it is normal for you to have so many doubts. You need an effective resource material from where you would get the ideas to clear them. The solutions for Economics Class 10 NCERT Solutions Chapter 4 have been drafted by keeping in mind the needs of students during examinations. All these solutions have been formulated by keeping in mind the latest CBSE guidelines.
So, you can better your chances of scoring high marks by referring to the Class 10 Economics Chapter 4 NCERT Solution. In short, revising the entire chapter becomes easy when you have these solutions at your disposal. Subjects like Science, Maths, English ,Hindi and Social Science will become easy to study if you have access to NCERT Solution for Class 10 Science, Maths solutions and solutions of other subjects. You can also download NCERT Solutions for Class 10 Maths to help you to revise complete syllabus and score more marks in your examinations.
List of Topics Covered Under NCERT Solutions for Class 10 Social Science Understanding Economic Development Chapter 4 - Globalisation and the Indian Economy
A Glance into the NCERT Solutions For Class 10 Social Science Chapter 4 - Chapter 4 - Globalisation and the Indian Economy
India usually exports raw materials and foodstuffs and imports finished goods.
MNCs later set up their companies in various countries and accessed cheap labour and reduced the cost of production.
Usually, MNCs set up their branches, where they were close to the market and huge availability of skilled labour and unskilled workers.
Here, MNCs will spend money on land, buildings, machines and other investments.
Later, companies started delivering the finished product around the world.
So, foreign products connected the markets of various countries around the world.
The rapid interconnection or integration of global markets is known as globalization.
The globalization process was widely stimulated by the rapid growth of technologies.
The government had reduced their taxes on imports and exports, which further supports globalization.
Such removal of restrictions and barriers set up by the government is known as biberalization.
The world trade organization was mainly established to liberalise trade across the world.
FAQs on NCERT Solutions for Class 10 Social Science Understanding Economic Development Chapter 4 - Globalisation and the Indian Economy
1. How to Download the NCERT Solutions for Class 10 SST Economics Chapter 4?
It is fairly easy to download these NCERT Solutions. As they are in the PDF format you can even take printouts and refer to them in the future.
2. Can the Economics Class 10 Ch 4 Solution Clear Concepts?
Yes, you can clear your concept by availing these solutions. Their easy-to-understand format can help you understand the meaning of key terms.
3. Will These Solutions Help in Time Management?
Practicing with these solutions would allow you to get a basic understanding of how much time is required to answer each question.
4. How many questions are present in NCERT Solutions for Class 10 Economics Chapter 4?
The Class 10 Social Science Chapter 4 Globalization NCERT Solutions consist of 13 questions. The answers are given in an appropriate format with the essential points which will be easy for students to remember. Students referring to the NCERT solutions and preparing the answers can be confident and will be able to write the answers, framing the sentences by themselves. This helps to remember the answers for a long time.
5. How is globalisation defined according to NCERT Solutions for Class 10 Economics Chapter 4?
Globalisation can be defined as the result of the increase in foreign trade and foreign investment and the increase in markets across the world. This can also be stated as the interconnection between the countries. Globalisation has been the improvement in technology, for instance, transportation technology has made remarkable changes as the delivery of goods is faster at a low cost. This is fast developing and the people are beneficial due to this.
6. How has globalization helped the Indian economy according to Class 10 Social Science?
Globalization helped the Indian economy enormously. There has been a great improvement, especially in transportation technology which has made the delivery of the goods faster for long distances and at economical cost. Information technology has also played a very important role for the MNC’S as the transfer of information is very important for such companies. This has made the work faster and the cost is maintained in all the companies further making the increase in the profit.
7. What has led to Globalization? What important role does it play?
Globalisation has been the result of the increase in foreign trade and the markets across the world. Globalisation has played a very important role in the improvement of transportation and information technology. Transportation has resulted in the faster delivery of goods at a lower cost. Information technology has been useful for MNCs to transfer information. Globalization plays a vital role in a country's development. You can refer to Vedantu for further details about the chapter. These solutions are available at free of cost on Vedantu’s website or mobile app.
8. What is Chapter 4 of Class 10 Social science all about?
Class 10 Chapter 4 NCERT has explained the globalisation across the world and the factors for the development of globalization. The chapter has also given details about the improvement of transportation technology and liberalisation. There has been an increase in foreign trade and foreign investments across the countries. Globalization is the interaction and integration between people, companies and countries. This is an important chapter and has to be read and understood so students can write the answers easily.