Gujarat Board Class 10 Solution Social Science Chapter 16 Economic Liberalization and Globalization Exercise Solution here in this Post.
Board |
GSEB Gujarat State |
Textbook |
10 Class |
Medium |
English |
Subject |
Social Science |
Chapter |
16 |
Chapter Name |
Economic Liberalization and Globalization |
Gujarat Board Class 10 Social Science Chapter 16 Economic Liberalization and Globalization Solution:
(1) Answer the following questions in details.
(i) What is the meaning of liberalization? Mention is benefits.
Ans: Government gradually reduces the restrictions and controls imposed on private sector and encourages economic development is called as economic liberalization.
Benefits of Liberalization:
(a) Private sectors has got an opportunity to make unconstrained development which led to increase in production.
(b) Because of accepting policy of liberalization, global trade started getting in impetus and there has been increase in global trade.
(c) Because of the increase in foreign trade there has been increase in reserve of foreign exchange.
(d) Internal infrastructural facilities increased due to liberalization.
(ii) Mention the benefits and limitations of privatization.
Ans: Privatization means the process in which ownership and management of industrial units, under state control is handed over or transferred to the private sector is called privatization.
Benefits of Privatization:
(a) Increase in number of production units in industrial sector.
(b) Production has been increased in capital intensive and consumable commodities due to privatization.
(c) Working capacity of public sector has improved due to privatization of public sector enterprise.
Limitations of privatization :
(a) Economic power has centralized as a result of privatization.
(b) Cottage industries have not developed properly due to privatization only large industries have been benefited.
(c) Prices have not remained under control due to privatization this has led problem of price rise.
(iii) Which steps have been taken to conserve environment?
Ans: First time ‘Earth conference’ was organized in 1972 at Stockholm in Sweden. It was decided to taken different steps for environment protection.
(a) Information about pollution condition of different cities of nations is presented.
(b) Central and state pollution control boards have been established to control pollution.
(c) 5 June has been declared as ‘Environment day’ in the world.
(d) In India government pass air pollution control act in 1981.
(e) International agreements have been sign for deteriorating level of ozone, disposal of nuclear waste and maintenance of bio-diversity.
(f) Conservation of environment is everyone’s responsibility.
(iv) Explain the strategy of sustainable development.
Ans: Sustainable development is the development which meets the needs of present generation without compromising with the ability of future generations to meet their own needs.
Strategy of sustainable development :
(a) Country need vision for where they want to go in the future.
(b) Available policy options.
(c) Mechanism for active participation of civil society and private sector stakeholders in policy formulation and planning at various level.
(d) A capacity to monitor current social, economic and environmental conditions.
(2) Answer the following questions point wise.
(i) Explain the benefits of Globalization.
Ans: (a) Globalization is the process of connecting one country economy with the world economy.
(b) Foreign direct investment (FDI) is encouraged due to Globalization.
(c) Goods produce in the develop countries can easily be obtained due to Globalization.
(d) Developing countries like India can with stand competition at international level due to Globalization.
(ii) Mention the objects of world trade organization.
Ans: (a) To remove obstacles influencing global trading.
(b) To remove protection policy given to industries of country for foreign trade.
(c) To-co-ordinate with global trade policy and economic policy.
(d) To solve the trade related disputes arising in the world.
(iii) Mention the ways (methods) of privatization.
Ans: (a) Privatization means the process in which ownership and management of industrial units, under state control is handed over or transferred to the private sector is called privatization.
(b) Firstly those area which are reserve for public sector, are opened for the private sector.
(c) State keeps the ownership of state owned companies under its control and gives the charge of management to the private companies or state keeps management to the private companies or state keeps management in its own hand and gives ownership to the private company.
(3) Answer the following questions in short.
(i) Explain the concept of Globalization.
Ans: Globalization is the process of connecting one country economy with the world economy. As a result of which flow of goods, services, technology and labour is easily available in the world.
(ii) When did economic reforms start in India ?
Ans: In industrial policy of 1991 economic reforms start in India.
(iii) When was the world trade organization established?
Ans: World trade organization was established on 1st January, 1995.
(iv) Explain the concept of sustainable development?
Ans: Sustainable development is the development which meets the needs of present generation without compromising with the ability of future generation to meet their own needs.
(4) Answer the following questions by choosing the correct alternative.
(i) Where is headquarter of the world trade organization?
Ans: Geneva
(ii) When was ‘Earth conference’ organized to bring awareness about environment?
Ans: 1992
(iii) When is world environment day being celebrated?
Ans: 5 June
(iv) The process of connecting the economy of the country with the world economy is ……
Ans: Globalization.