(1) Cheap and affordable credit is crucial for the country's growth and economic development. Credit is in great demand for various kinds of economic activities big or small investments, to set up business, buying cars, houses, etc.
(2) In rural areas credit helps in the development of agriculture by providing funds to farmers to buy seeds, fertilizers, expensive pesticides.
(3) Manufacturers need credit for buying raw material or to meet ongoing expenditure of production. Credit helps in the purchase of plant, machinery, equipment etc.
(4) Some People may need to borrow for illness, marriage etc. Cheap and affordable credit is crucial for the country's growth and economic development.

It is true that the impact of globalisation has not been uniform. This can be explained through the following points
(i) Globalisation has increased the sale of consumer goods which are demanded by only a small section of people in developing countries like cell phone, automobile, soft drinks. Large section is still deprived of basic necessities.
(ii) Globalisation increases the concentration of economic power and leads to inequalities. It is mainly beneficial to large capitalists, industries and large companies like google. The small scale producers and workers have suffered as a result of rising competition.
(iii) Globalisation has changed the nature of employment as now workers are hired on temporary basis and their jobs are no longer secure.

Yes, workers are exploited in the unorganised sector because
(i) There are no fixed number of working hours. The workers normally work 10-12 hours without being paid overtime.
(ii) They do not get other allowances apart from the daily wages.
(iii) Government rules and regulations to protect the labourers are not followed in their case.
(iv) There is no job security. They can be asked to leave the job at any time.
(v) Workers are poorly paid. The workers in this sector are generally illiterate and unskilled. So they are not in a position to bargain or secure good wages.
(vi) Being poor and without any other better option they can be easily made to accept lower wages.

Public facilities are required to ensure safety, security, health, education to the population of the country. It aids them to work better, earn better and to have better facilities of life. A healthy, educated and responsible population ensures development of the country. Four public facilities are as below:
(a)Health facility
(b)Education facility
(c)Safety and security of the citizen
(d)Infrastructure facility like rail, road etc.

It is the average income of a citizen. It is calculated by dividing the total income of the country by the population. The per capita income of an Indian is US $ 1340.4 per annum in 2010 (in 2012 US $ 1530).

Gone are the days when Ambassador and Fiat dominated the Indian market. Today, with globalisation, we find a large variety of foreign brands like Ford, Toyota, Huyundai, Renault, BMWs, Chevrolet etc. flooding the Indian market. As a result, the only cars available before globalisation, Ambassador and Fiat, has lost their market to the improved and smart foreign models like Ford and Toyota.

(a) The Government of India enacted the Consumer Protection Act 1986. it can be implemented effectively only with the participation of consumers. Consumers should be aware of their rights and duties. They should be vigilant in the market against any unethical practices.
(b) More and more Consumer Protection Councils should be formed in towns and cities to make consumers aware of their exploitation.
(c) Consumers should lodge complaints against exploitation. It is the ignorance and illiteracy of the consumers that the traders exploit in the market.

(a) It is true that one may not be development for the other. Each person seeks different things. Generally, people desire to have regular work, better wages and good price for the crops they produce.
(b) Apart from earning more income, one may expect to have a better quality of life.
(c) The quality of life depends on non-material things such as equal treatment, security, respect for others and freedom in society.
(d) For example, women may tend to work in a variety of jobs or start a business to receive a sense of security and freedom in the household and in society.
(e) Thus, we can say all developmental goals are co-related.

The effects of globalisation on small producers and workers are:
(a) Small producers and workers have been hit hard the most due to the rising competition. Several of the small units have been shut down thereby rendering many workers jobless.
(b) Large MNCs especially in the garment industry in Europe and America, order their products from Indian exporters.
(c) They look for the cheapest goods in order to maximize their profits.
(d) So for getting the large orders from them, the exporters try to cut labour costs - wages given are low, and workers are forced to work overtime to make both ends meet.
(e) Though MNCs are able to make large profits the workers are denied their fair share of the benefits of globalisation.

The credit activities of the informal sector should be discouraged because:
(i) 85% of loans taken by the poor households in the urban areas are from informal sources. There is no organisation that supervises the credit activities of lenders in the informal sector.
(ii) Informal lenders charge very high interest on their loans. They try to charge more and more interest on their loans as there are no boundaries and restrictions.
(iii) Higher cost of borrowing means a larger part of the earnings of the borrowers is used to repay the loan.
(iv) In certain cases, the high interest rate for borrowing can mean that the amount to be repaid is greater than the income of borrower. This could lead to increasing debt and debt trap, therefore the credit activities of the informal sector should be discouraged.

Consumer Protection Councils (CPCs) are voluntary organizations, locally known as Consumer Forums. These councils are set up by the consumers themselves.
The main activities of Consumer Forums or Consumer Protection Councils are:
(a) They guide consumers on how to file cases in the consumer courts.
(b) They may represent individual consumers in the consumer courts.
(c) They create awareness among the people.
These voluntary organizations receive financial support from the government for the above purposes.

The improvement in technology has stimulated the globalisation process as:
(a) There has been many improvements in transport technology in the recent years that have enabled faster delivery of goods across the world.
(b) Development of information technology in the areas of telecommunication, internet has revolutionised the world.
(c) Use of telegraph, mobiles, fax have enabled easier access to information anywhere at any point of time.
(d) All these developments have further decreased the cost of their operations favouring the consumers around the world.