Fill in the blanks

Indians buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ____(a)____ Markets in Indian are selling goods produced in many other countries. This means there is increasing ____(b)____ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because ____(c)____ While consumers have more choices in the market, the effect of rising ____(d)____ and ____(e)____ has meant greater ____(f)____ among the producers.

Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.

Suppposing you find two people arguing: One is saying globalization has hurt our country’s development. The other is telling, globalization is helping India develop. How would you respond to these arguments?

Match the following:

List I

(i) MNCs buy at cheap rates from small producers

(ii) Quotas and taxes on imports are used to egulate trade

Indian companies who have invested abroad

(iii) IT has helped in spreading of production of services

(iv) Several MNCs have invested in setting up factories in India for production

List II

(a) Automobiles

(b) Garments, footwear, sports items

(c) Call centres

(d) Tata Motors, Infosys, Ranbaxy

(e) Trade barriers

Choose the most appropriate option.

The past two decades of globalization has seen rapid movements in