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SUBJECTIVE ASSIGNMENT

Questions Page
Sl. No. Marks Skill Level
No.
1 Exports now finance over 80% of imports, as compared to 64 1 K E
60% in 1985. This situation is because of _____________

2 Why had the Indian government put barriers to foreign trade 64 1 U A
and foreign investment after independence? State any one
reason. (CBSE 2015)

3 What is meant by trade barrier? (CBSE 2015) 64 1 R E

4 Why did the Indian government remove barriers to a large 64 1 H D
extent on foreign trade and foreign investment? (CBSE 2015)

5 What do you understand by liberalisation of foreign trade? 64 3 U A
Let’s discuss Pg.No.64

6 ‘Barriers on foreign trade and foreign investment were 64 3 H D
removed to a large extent in India since 1991.’ Justify the
statement. (CBSE 2016)
or

Why have the barriers on foreign trade and foreign
investment been removed to a large extent by the Indian
government? Explain. (CBSE 2014)

7 How could flexibility in labour laws help companies? 64 3 R A
Exercise Qs.No. 3
8 How has liberalization of trade and investment policies 64 5 U A
helped the globalization process? Exercise Qs No. 5

9 What were the reasons for putting barriers to foreign trade 64 5 K A
and foreign investment by the Indian Government? Why did it
wish to remove these barriers? Exercise Qs.No. 2

10 Tax on imports is one type of trade barrier. The government 64 5 A A
could also place a limit on the number of goods that can be
imported. This is known as quotas. Can you explain, using
the example of Chinese toys, how quotas can be used as
trade barriers? Do you think this should be used?
Discuss. Let’s discuss Pg. No 64