How are local companies benefitted by collaborating with multinational corporations? Explain with examples.
When local companies launch a joint venture with MNCs:
i. The MNCs provide the finances for additional investments for faster production.
ii. MNCs bring with them the latest technology for enhancing and improving production.
iii. Some Indian companies have had very successful foreign collaborations. Globalisation has enabled some Indian companies to expand into multinational corporations.
‘Cheap and affordable credit is essential for poor households both in rural and urban areas’. In the light of the above statement, explain the social and economic values attached to it.
Which were the two types of demands mentioned by Gandhi in his letter to Viceroy Irwin on 31 January 1930? Why was the abolition of ‘salt tax’ the most stirring demand? Explain.
Why was the decade of 1830s known as great economic hardship in Europe? Explain any three reasons.
Explain any three measures taken by the British government to repress the movement started against the Rowlatt Act.
Why is India not able to perform to her full potential in iron and steel production? Explain any three reasons.
How are means of transport and communication complementary to each other? Explain with three examples.
