Question: Mention any two feature of Multinational Corporations. Answer: A MNC is company that owns or controls production in more than one nation. A MNC sells its finished products globally. Question: State the basic cause which prompts MNCs to spread production across the borders. Answer: Lower Cost Question: Why more …
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Question: What is a bank? Answer: A bank is an institution that accepts the surplus deposits and grants loan to the people or businessmen. Question: Why transactions are made in money? Answer: Because money is easily acceptable. A person holding money can easily exchange it for any commodity or service …
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Question: How do the producers and consumers participate in the market? Answer: Consumers participate in the market when they purchase goods and services that they need. Producer participate in the market when they sell their goods and services to the consumers. Question: Mention any four ways through which consumers. Answer: …
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Question: What are economic activities? Answer: The activities which contribute to the flow of goods and services in an economy. Question: There are many activities that are undertaken by directly using natural resources. What are these activities known as? Answer: Primary activities Question: Give any two examples of primary activities. …
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Question: What is development? Answer: It is a comprehensive term which includes increase in real per capita income, improvement in living standard of people, reduction in poverty etc. Question: Mention any two development goals of a landless rural labourer. Answer: More days of work and better wages. Quality education for …
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Class Notes NCERT Solutions for CBSE Students