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Analyse the role of… (Class 10 Social Science 2024, Q33a)

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Social ScienceCBSE Class 10 · Board exam 2024, set 32/3/1 · 5 marks · Long answer

CBSE Class 10 Social Science 2024: question 33(a)

Set in the CBSE Class 10 board exam of 2024, paper 32/3/1, section D, question 33(a), for 5 marks. Try it first; the hints and our step-by-step solution are below.

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

Analyse the role of Liberalisation in the globalisation.

Source: official question paper from cbse.gov.in (PDF). See it in the full 2024 board paper, set 32/3/1.

Hints

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

Hint 1

Start by defining liberalisation in one line.

Hint 2

Think about what happened to import duties and foreign companies after 1991.

Hint 3

Link each change to how it connects India's markets with other countries.

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. Meaning: Liberalisation means removing the barriers and restrictions the government had set on foreign trade and investment. It is a key policy that has made globalisation possible.

    1 mark

  2. Trade: Removing trade barriers (import duties, quotas) has allowed free import and export of goods. Businesses can decide freely what to import or export.

    1 mark

  3. Policy change in India: From about 1991 the Indian government made far-reaching policy changes. These removed controls on foreign trade and investment and opened the economy to the world.

    1 mark

  4. Foreign investment: Foreign companies (MNCs) could set up factories and offices in India. Foreign investment was encouraged, which brought capital and the latest technology.

    1 mark

  5. Integration and production: Local companies could work with or as MNCs. Production of goods and services can be spread across countries, so markets and production become integrated, and the economy and market are strengthened.

    1 mark

Answer: Liberalisation (removal of government barriers on trade and investment, from 1991 in India) promotes free import and export and foreign investment. It lets MNCs set up units and spreads production across countries, thereby driving globalisation.

Where the marks are

  • Defines liberalisation as removal of government barriers (1 mark)
  • Free import and export (1 mark)
  • 1991 policy changes in India (1 mark)
  • Foreign investment, MNCs and technology (1 mark)
  • Integration of production and markets (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 paper2024 board paper, set 32/3/1: 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.