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Globalisation and the Indian Economy Class 10 MCQs Questions with Answers
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Class 10 Economics Chapter 4 MCQ With Answers Question 1.
Which one of the following organisations lay stress on liberalisation of foreign trade and foreign investment?
(a) International Monetary Fund
(b) International Labour Organisation
(c) World Health Organisation
(d) World Trade Organisation
Answer
Answer: (d) World Trade Organisation
Globalisation And The Indian Economy Class 10 MCQ Question 2.
Removing barriers or restrictions set by the government is known as
(a) Globalisation
(b) Privatisation
(c) Nationalism
(d) Liberalisation
Answer
Answer: (d) Liberalisation
Globalisation Class 10 MCQ Question 3.
Which one of the following refers to investment?
(a) The money spent on religious ceremonies
(b) The money spent on social customs
(c) The money spent to buy assets such as land
(d) The money spent on household goods
Answer
Answer: (c) The money spent to buy assets such as land
Globalisation MCQ Class 10 Question 4.
Which of the following is a ‘barrier’ on foreign trade?
(a) Tax on import
(b) Quality control
(c) Sales tax
(d) Tax on local trade
Answer
Answer: (a) Tax on import
Globalisation And The Indian Economy MCQ Question 5.
Special Economic Zones (SEZs) are being set up to attract
(a) foreign tourists
(b) foreign investment
(c) foreign goods
(d) foreign policies
Answer
Answer: (b) foreign investment
MCQ On Globalisation Class 10 Question 6.
Entry of MNCs in a domestic market may prove harmful for
(a) all large scale producers
(b) all domestic producers
(c) all substandard domestic producers
(d) all small-scale producers
Answer
Answer: (c) all substandard domestic producers
MCQ Of Globalisation Class 10 Question 7.
Ford Motors set up its first plant in India at
(a) Kolkata
(b) Mumbai
(c) Chennai
(d) Delhi
Answer
Answer: (c) Chennai
Globalization Class 10 MCQ Question 8.
Which of the following industries have been hard hit by foreign competition?
(a) Dairy products
(b) Leather industry
(c) Cloth industry
(d) Vehicle industry
Answer
Answer: (a) Dairy products
Class 10 Globalisation MCQ Question 9.
In which year did the government decide to remove barriers on foreign trade and investment in India?
(a) 1993
(b) 1992
(c) 1991
(d) 1990
Answer
Answer: (c) 1991
Globalisation Refers To MCQ Question 10.
“MNCs keep in mind certain factors before setting up production”. Identify the incorrect option from the choices given below
(a) Availability of cheap skilled and unskilled labour
(b) Proximity to markets
(c) Presence of a large number of local competitors
(d) Favourable government policies
Answer
Answer: (c) Presence of a large number of local competitors
Globalization Refers To MCQ Question 11.
Why do MNCs set up offices and factories in more than one nation ?
(a) The cost of production is high and the MNCs can earn profit.
(b) The cost of production is low and the MNCs undergoes a loss.
(c) The cost of production is low and the MNCS can earn greater profit.
(d) The MNCs want to make their presence felt globally.
Answer
Answer: (c) The cost of production is low and the MNCS can earn greater profit.
Globalization MCQs Class 10 Question 12.
The most common route for investments by MNCs in countries around the world is to:
(a) set up new factories
(b) buy existing local companies
(c) form partnerships with local companies
(d) None of these
Answer
Answer: (a) set up new factories
MCQ Of Globalisation And Indian Economy Question 13.
Removing barriers or restrictions set by the government is known as :
(a) privatisation
(b) globalisation
(c) liberalisation
(d) socialisation
Answer
Answer: (c) liberalisation
MCQ Globalisation Class 10 Question 14.
Entry of MNCs in a domestic market may prove harmful for:
(a) all large scale producers.
(b) all domestic producers.
(c) all substandard domestic producers.
(d) all small scale producers.
Answer
Answer: (d) all small scale producers.
Class 10 Economics Chapter 4 MCQ Question 15.
Which one of the following has benefited least because of globalisation in India?
(a) Agriculture Sector
(b) Industrial Sector
(c) Service Sector
(d) Secondary Sector
Answer
Answer: (a) Agriculture Sector
Globalization And The Indian Economy Class 10 MCQ Question 16.
Which one of the following is a major benefit of joint production between a local company and a Multi-National Company?
(a) MNC can bring latest technology in the production
(b) MNC can control the increase in the price
(c) MNC can buy the local company
(d) MNC can sell the products under their brand name
Answer
Answer: (a) MNC can bring latest technology in the production
Question 17.
Which one of the following is not true regarding the World Trade Organisation?
(a) It allows free trade to all countries without any trade barriers.
(b) Its aim is to liberalise international trade.
(c) It establishes rules regarding internaional trade.
(d) WTO rules have forced the developing countries to remove trade barriers.
Answer
Answer: (a) It allows free trade to all countries without any trade barriers.
Question 18.
Integration of markets means
(a) operating beyond the domestic markets
(b) wider choice of goods
(c) competitive price
(d) all the above
Answer
Answer: (d) all the above
Question 19.
Which of the following contributes to globalisation?
(a) internal trade
(b) external trade
(c) large scale trade
(d) small scale trade
Answer
Answer: (b) external trade
Question 20.
Investment means spending on
(a) factory building
(b) machines
(c) equipments
(d) all the above
Answer
Answer: (d) all the above
Question 21.
Multinational corporations have succeeded in entering global markets through
(a) WTO
(b) UNO
(c) UNESCO
(d) none of the above
Answer
Answer: (a) WTO
Question 22.
FDI (Foreign Direct Investment) attracted by globalisation in India belongs to the
(a) World Bank
(b) multinationals
(c) foreign governments
(d) none of the above
Answer
Answer: (b) multinationals
Question 23.
Which of the following factors has not facilitated globalisation?
(a) Technology
(b) Liberlisation of trade
(c) WTO
(d) Nationalisation of banks
Answer
Answer: (d) Nationalisation of banks
Question 24.
Globalisation so far has been more in favour of:
(a) developed countries
(b) developing countries
(c) poor countries
(d) none of the above
Answer
Answer: (a) developed countries
Question 25.
Cheaper imports, inadequate investment in infrastructure lead to
(a) slowdown in agricultural sector
(b) replace the demand for domestic production
(c) slowdown in industrial sector
(d) all the above
Answer
Answer: (d) all the above
Question 26.
Which sector has not benefited by the policy of globalisation?
(a) Agricultural sector
(b) Manufacturing sector
(c) Service sector
(d) All the above
Answer
Answer: (a) Agricultural sector
Question 27.
Fair globalisation refers to ensuring benefits to:
(a) labourers
(b) producers
(c) consumers
(d) all the above
Answer
Answer: (d) all the above
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