CBSE Class 10 Social Science 2016 Term 2 Set 1 Delhi Paper

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Question : 19
Total: 30
'Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.' Justify the statement.
Solution:  
The statement "Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991" can be justfied as follows :
(i) Due to this, imports and exports could easily flow between different countries.
(ii) It allowed the local producers to compete with products at the global level, so that they could improve the quality of their product.
(iii) Global MNCs could setup their production units, they brought latest technology of production to the country.
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