Globalisation and The Indian Economy Class 10 MCQ with Answers – Economics Chapter 4 MCQ are covered in this Article. Globalisation and The Indian Economy Class 10 MCQ Test contains 20 questions. Answers to MCQ on Globalisation and The Indian Economy Class 10 are available at the end of the last question. MCQ Questions for Class 10 help to check the concept you have learnt from detailed classroom sessions and application of your knowledge.
Globalisation and The Indian Economy Class 10 MCQ
1. In the middle of the twentieth century, which of the following things crossed the National boundaries?
(a) Raw material
(b) Finished products
(c) Food stuff
(d) All of the above
Answer
Answer: (d) All of the above
2. ______ was the major aspect connecting two or more countries.
(a) Trade
(b) Capital
(c) Raw material
(d) Labour
Answer
Answer: (a) Trade
3. _____ is a company owning production in more than one country.
(a) International company
(b) Domestic company
(c) Multinational Company
(d) All of the above
Answer
Answer: (c) Multinational Company
4. The money spent on purchasing assets and equipment is called_______.
(a) Trade money
(b) Capital
(c) Foreign money
(d) Investment
Answer
Answer: (d) Investment
5. Investment made by MNC is called;
(a) Foreign investment
(b) National Investment
(c) International investment
(d) Capital investment
Answer
Answer: (a) Foreign investment
6. Which of the following are the benefits earned by the small companies out of joint production.
(a) Provision of money for additional investment
(b) Provision of latest technology
(c) Both (a)&(b)
(d) None of the above
Answer
Answer: (b) Provision of latest technology
7. Which of the following are the ways in which MNCs control production.
(a) Acquiring ownership of local companies
(b) Power to determine price and quantity
(c) Both (a)&(b)
(d) None of the above
Answer
Answer: (c) Both (a)&(b)
8. ______ creates opportunity for producers to move beyond the domestic market.
(a) MNM
(b) Foreign trade
(c) Local business
(d) International currency
Answer
Answer: (b) Foreign trade
9. ________ results in the connection and integration of markets of different countries.
(a) MNC
(b) Foreign trade
(c) Local business
(d) International currency
Answer
Answer: (b) Foreign trade
10. ______ is the process of rapid integration between countries.
(a) Globalization
(b) MNC
(c) Foreign trade
(d) Privatization
Answer
Answer: (a) Globalization
Globalisation and The Indian Economy Class 10 MCQ
11. Under globalisation______ flows between countries.
(a) Technology
(b) Investment
(c) Goods and services
(d) All of the above
Answer
Answer: (d) All of the above
12. Which of the following factors have enabled globalisation?
(a) Technology
(b) Communication
(c) Liberalisation
(d) All of the above
Answer
Answer: (d) All of the above
13. _____ is an example of a trade barrier.
(a) Goods and services
(b) Transportation cost
(c) Tax on imports
(d) Tax of Exports
Answer
Answer: (c) Tax on imports
14. Removing the restrictions on trade set by the government is known as______.
(a) Globalization
(b) Liberalisation
(c) Foreign trade
(d) Privatization
Answer
Answer: (b) Liberalisation
15. The aim of World Trade organisation is to;
(a) Liberalise international trade
(b) Foster economic development
(c) Social welfare
(d) Profit maximization
Answer
Answer: (a) Liberalise international trade
16. Presently there are _____ members in WTO.
(a) 190
(b) 151
(c) 164
(d) 181
Answer
Answer: (c) 164
17. Which of the following are the positive impacts of globalisation in India?
(a) Competition among sellers advantaged well off groups
(b) Greater choice before consumers
(c) Increased competition benefited the top Indian countries
(d) All of the above
Answer
Answer: (d) All of the above
18. Industrial zones called ______ have been set up to foster globalisation in India.
(a) Special zones
(b) Economic zones
(c) Special economic zones
(d) All of the above
Answer
Answer: (c) Special economic zones
19. The Government of India has allowed______ in the labour law to attract foreign investment.
(a) SEZ
(b) Flexibility
(c) Liberalisation
(d) All of the above
Answer
Answer: (b) Flexibility
20. Which of the following Indian companies are becoming global?
(a) Tata motors
(b) Infosys
(c) Ranbaxy
(d) All of the above
Answer
Answer: (d) All of the above
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Frequently Asked Questions on Globalisation and The Indian Economy Class 10 MCQ
1. Are these MCQ’s on Globalisation and The Indian Economy Class 10 are based on 2021-22 CBSE Syllabus?
Yes . There are 20 MCQ’s on this Chapter in this blog.
2. Are you giving all the chapters of Social Science Class 10 MCQs with Answers which are given in CBSE syllabus for 2021-22 ?
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