Globalisation and Indian Economy -Day 2

​Quick Check

Multiple Select

Which among the following are the advantages of foreign trades for producers?

• Create a stagnation for local trades

• Creates an opportunity to reach beyond the domestic markets

• Producers can sell their products in other countries.

• Compete in markets located in other countries of the world.

​Post assessment

Multiple Choice

In the question given below, there are two statements marked as Assertion (A) and Reason (R).

Read the statements and choose the correct option:

Assertion: Toys are now cheaper in the Indian markets than earlier.

Reason: Chinese toys become more popular in the Indian markets.

• Both A and R are true but It is not the correct explanation of A.

• Both A and R. are true, and R is the correct explanation of A.

• A is true but R is false.

• A is false but R is true.

Multiple Choice

How does garments MNCs import affect Indian small traders?

• They get many choices for purchasing

• They face stiff competition from both the MNC brands and imports.

• It helps to increase their sales on the streets.

• They may get more customers.