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Explain any five… (Class 10 Social Science 2023, Q33b)

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Social ScienceCBSE Class 10 · Board exam 2023, set 32/2/1 · 5 marks · Long answer

CBSE Class 10 Social Science 2023: question 33(b)

Set in the CBSE Class 10 board exam of 2023, paper 32/2/1, section D, question 33(b), for 5 marks. Try it first; the hints and our step-by-step solution are below.

Q33(b) · 5 marks · Long answerGlobalisation and the Indian Economy

Explain any five steps taken by the Central and State Governments to attract foreign investments. (5×1=5)

Source: official question paper from cbse.gov.in (PDF). See it in the full 2023 board paper, set 32/2/1.

Hints

Open one hint at a time and try again before the next.

Hint 1

Think about what the government did after 1991 to welcome foreign firms.

Hint 2

Recall the special industrial zones set up for foreign companies.

Hint 3

Consider the incentives given: taxes and labour laws.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. The government has removed barriers on foreign trade and foreign investment, so foreign companies can import and invest more freely.

    1 mark

  2. Liberalised policies were introduced to promote globalisation.

    1 mark

  3. Special Economic Zones (SEZs) are being set up as industrial zones with world-class facilities.

    1 mark

  4. Facilities such as electricity, water, transport, storage and recreation are provided to foreign companies in these zones.

    1 mark

  5. Production units in SEZs do not pay taxes for the first five years. The government has also allowed flexibility in labour laws to attract investment.

    1 mark

Answer: Steps: removing trade and investment barriers, liberalisation, SEZs, world-class facilities, five-year tax holiday and flexible labour laws.

Where the marks are

  • Removal of barriers on foreign trade and investment (1 mark)
  • Liberalised policies (1 mark)
  • Setting up SEZs (1 mark)
  • World-class facilities provided (1 mark)
  • Tax exemption for five years or flexible labour laws (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Globalisation and the Indian Economy, one at a time, marked against the answer key and marking points.Back to the full paper2023 board paper, set 32/2/1: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.