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Globalisation and the Indian Economy Class 10 MCQs Questions with Answers
Question 1.
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 partnership with local companies
(d) All of the above
Answer
Answer: (a) set-up new factories
Question 2.
Globalisation has led to improvement in living conditions :
(a) of all the people
(b) of people in the developed countries
(c) of workers in the developing countries
(d) None of the above
Answer
Answer: (b) of people in the developed countries
Question 3.
Globalisation does NOT involve which one of the following ?
(a) Rapid integration between countries.
(b) More goods and services moving between countries
(c) Increased taxes on imports
(d) Movement of people between countries for jobs, education etc.
Answer
Answer: (c) Increased taxes on imports
Question 4.
Liberalisation involves which one of the following ?
(a) Removal of trade barriers
(b) Increasing subsidy on fertilizers
(c) Increasing import duties on goods
(d) Increasing export duties on goods
Answer
Answer: (a) Removal of trade barriers
Question 5.
‘Cargill Foods’ is the largest producer of which of the following in India ?
(a) Medicines
(b) Asian Paints
(c) Edible oil
(d) Garments
Answer
Answer: (c) Edible oil
Question 6.
Which one of the following is not a characteristic of ‘Special Economic Zone’ ?
(a) They do not have to pay taxes for a long period
(b) Government has allowed flexibility in labour laws
(c) They have world class facilities
(d) They do not have to pay taxes for an initial period of five years
Answer
Answer: (a) They do not have to pay taxes for a long period
Question 7.
Which one of the following type of countries has been more benefited from globalisation ?
(a) Rich countries
(b) Poor countries
(c) Developing countries
(d) Developed countries
Answer
Answer: (d) Developed countries
Question 8.
Which one of the following Indian industries has been hit hard by globalisation ?
(a) I.T.
(b) Toy-making
(c) Jute
(d) Cement
Answer
Answer: (b) Toy-making
Question 9.
Which one 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
Question 10.
Which one of the following was the main aim to form ‘World Trade Organisation’ ?
(a) To liberalise international trade
(b) To promote trade of rich countries
(c) To promote trade of poor countries
(d) To promote bilateral trade
Answer
Answer: (a) To liberalise international trade
Question 11.
Why more and more MNCs are investing in China ?
Answer
Answer: Because China provides the advantage of being a cheap manufacturing location.
Question 12.
Mention any two features of Multinational Corporations.
Answer
Answer:
(i) A MNC is company that owns or controls production in more than one nation.
(ii) A MNC sells its finished products globally.
Question 13.
State the basic cause which prompts MNCs to spread production across the borders.
Answer
Answer: Lower Cost.
Question 14.
What is investment ?
Answer
Answer: The money that is spent to buy assets such as land, building, machines and other equipment is called investment.
Question 15.
What is WTO ?
Answer
Answer: It is an international organisation which was established to promote and liberate international trade.
Question 16.
Mention any two ways through which MNCs expand production.
Answer
Answer:
(i) By setting up partnership with local companies.
(ii) By buying the local companies.
Question 17.
State any two factors responsible for globalisation.
Answer
Answer:
(i) Growth of MNCs
(ii) Growth of technology
(iii) Development in telecommunication and means of transportation.
Question 18.
Why people usually move from one country to another ?
Answer
Answer: People move in search of better income, better jobs or better education.
Question 19.
Name an organisation whose aim is to liberate international trade.
Answer
Answer: World Trade Organisation.
Question 20.
State any two steps which have been taken by the government to attract foreign investment.
Answer
Answer:
(i) Special Economic Zones are being set up.
(ii) Government has allowed flexibility in the labour laws.
Question 21.
Due to which reason the latest models of different items are available within our reach ?
Answer
Answer: Due to globalisation.
Question 22.
Why do MNCs set up their offices and factories in those regions where they get cheap labour and other resources ?
Answer
Answer: To lower the cost of production.
Question 23.
Name any two Indian MNCs.
Answer
Answer: Tata Motors, Infosys, Ranbaxy, Asian Paints etc.
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