Globalisation and The Indian Economy Class 10 MCQ

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


 

MCQ Questions for Economics Class 10

Frequently Asked Questions on Globalisation and The Indian Economy Class 10 MCQ

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Yes . There are 20 MCQ’s on this Chapter in this blog.

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