Globalisation and the Indian Economy MCQ Questions for Class 10 Social Science Chapter 4 with Answers

NCERTCOURSE.COM- Find here the NCERT/CBSE chapter-wise Multiple Choice Questions from Class 10 Social Science Economics book Chapter 4 Globalization and the Indian Economy with Answers Pdf free download. This may assist you to understand and check your knowledge about the chapters. Students also can take a free test of the Multiple Choice Questions of Globalisation and the Indian Economy. Each question has four options followed by the right answer. These MCQ Questions are selected supported by the newest exam pattern as announced by CBSE.

MCQ Questions for Class 10 Social Science India and the Contemporary World Part- Economics

Q1. Which one of the following is not characteristic of‘Special Economic Zone’?

(i) They do not have to pay taxes for long period.
(ii) Government has allowed flexibility in labour laws.
(iii) They have world class facilities.
(iv) They do not have to pay taxes for an initial period of five years.

(i) They do not have to pay taxes for long period.

Q2. Which one of the following is a ‘barrier’ on foreign trade ?

(i) Tax on import
(ii) Quality control
(iii) Sales tax
(iv) Tax on local trade

(i) Tax on import

Q3. Tele communication facilities have been facilitated by:

(i) Remote connection devices
(ii) Remote communication devices
(iii) Satellite communication devices
(iv) None of the above

(iii) Satellite

Q4. In which year did the government decide to remove barriers on foreign trade and investment in India?

(i) 1993
(ii) 1992
(iii) 1991
(iv) 1990

(iii) 1991

Q5. Tax on imports is an example of:

(i) Terms of Trade
(ii) Collateral
(iii) Trade Barriers
(iv) ForeignTrade

(iii) Trade Barriers

Q6. Cargill Foods’ is the largest producer of which of the following in India ?

(i) Medicines
(ii) Asian Paints
(iii) Edible oil
(iv) Garments

(iii) Edible oil

Q7. MNCs are playing a major role in:

(i) Production of goods
(ii) Increasing investment
(iii) Providing employment
(iv) The globalisation process

(iv) The globalisation process

Q8. Ford Motors set up its first plant in India at

(i) Kolkata
(ii) Mumbai
(iii) Chennai
(iv) Delhi

(iii) Chennai

Q9. Investments made by MNCs are termed as:

(i) Indigenous investment
(ii) Foreign investment
(iii) Entrepreneur’s investment
(iv) None of the above

(ii) Foreign investment

Q10. Globalisation does NOT involve which one of the following ?

(i) Rapid integration between countries.
(ii) More goods and services moving between countries
(iii) Increased taxes on imports
(iv) Movement of people between countries for jobs, education etc.

(iii) Increased taxes on imports

Q11. A large part of the foreign trade is also controlled by:

(i) The government
(ii) By MNCs
(iii) The people
(iv) None of the above

(ii) By MNCs

Q12. Special Economic Zones (SEZs) are being set up to attract

(i) foreign tourists
(ii) foreign investment
(iii) foreign goods
(iv) foreign policies

(ii) foreign investment

Q13. World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?

(i) Rich countries
(ii) Poor countries
(iii) Developed countries
(iv) Developing countries

(iii) Developed countries

Q14. The most common route for investments by MNCs in countries around the world is to :

(i) set-up new factories
(ii) buy existing local companies
(iii) form partnership with local companies
(iv) All of the above

(i) set-up new factories

Q15. Foreign trade results in connecting the markets or integration of markets:

(i) In same countries
(ii) In different countries
(iii) In friendly countries
(iv) None of the above

(ii) In different countries

Q16. Removing barriers or restrictions set by the government is known as

(i) Globalisation
(ii) Privatisation
(iii) Nationalism
(iv) Liberalisation

(iv) Liberalisation

Q17. Globalisation has led to improvement in living conditions:

(i) of all the people
(ii) of people in the developed countries
(iii) of workers in the developing countries
(iv) none of the above.

(iii) of workers in the developing countries

Q18. Which one of the following was the main aim to form ‘World Trade Organisation’ ?

(i) To liberalise international trade
(ii) To promote trade of rich countries
(iii) To promote trade of poor countries
(iv) To promote bilateral trade

(i) To liberalise international trade

Q19. Removing barriers or restrictions set by the government is known as:

(i) Globalisation
(ii) Liberalisation
(iii) Free trade
(iv) All the above

(ii) Liberalisation

Q20. Which one of the following is a major benefit of joint production between a local company and a Multi-National Company?

(i) MNC can bring latest technology in the production
(ii) MNC can control the increase in the price
(iii) MNC can buy the local company
(iv) MNC can sell the products under their brand name

(i) MNC can bring latest technology in the production

Q21. Companies who set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of:

(i) 2 years
(ii) 5 years
(iii) 4 years
(iv) 10 years

(ii) 5 years

Q22. Among producers and workers the impact of globalisation has:

(i) Been uniform
(ii) Been mixed
(iii) Not been uniform
(iv) None of the above

(iii) Not been uniform

Q23. Multinational corporations have succeeded in entering global markets through

(i) WTO
(ii) UNO
(iii) UNESCO
(iv) none of the above

(i) WTO

Q24. Until the middle of the twentieth century, production was largely organised:

(i) Outside the countries
(ii) In different countries
(iii) Within countries
(iv) None of the above

(iii) Within countries

Q25. Globalisation so far has been more in favour of:

(i) developed countries
(ii) developing countries
(iii) poor countries
(iv) none of the above

(i) developed countries

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Understanding Economic Development – II

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