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Globalisation and the Indian Economy Class 10 MCQs Questions with Answers
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: (a) set-up new factories
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: (b) of people in the developed countries
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: (c) Increased taxes on imports
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: (a) Removal of trade barriers
‘Cargill Foods’ is the largest producer of which of the following in India ?
(b) Asian Paints
(c) Edible oil
Answer: (c) Edible oil
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: (a) They do not have to pay taxes for a long period
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: (d) Developed countries
Which one of the following Indian industries has been hit hard by globalisation ?
Answer: (b) Toy-making
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: (a) Tax on import
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: (a) To liberalise international trade
Why more and more MNCs are investing in China ?
Answer: Because China provides the advantage of being a cheap manufacturing location.
Mention any two features of Multinational Corporations.
(i) A MNC is company that owns or controls production in more than one nation.
(ii) A MNC sells its finished products globally.
State the basic cause which prompts MNCs to spread production across the borders.
Answer: Lower Cost.
What is investment ?
Answer: The money that is spent to buy assets such as land, building, machines and other equipment is called investment.
What is WTO ?
Answer: It is an international organisation which was established to promote and liberate international trade.
Mention any two ways through which MNCs expand production.
(i) By setting up partnership with local companies.
(ii) By buying the local companies.
State any two factors responsible for globalisation.
(i) Growth of MNCs
(ii) Growth of technology
(iii) Development in telecommunication and means of transportation.
Why people usually move from one country to another ?
Answer: People move in search of better income, better jobs or better education.
Name an organisation whose aim is to liberate international trade.
Answer: World Trade Organisation.
State any two steps which have been taken by the government to attract foreign investment.
(i) Special Economic Zones are being set up.
(ii) Government has allowed flexibility in the labour laws.
Due to which reason the latest models of different items are available within our reach ?
Answer: Due to globalisation.
Why do MNCs set up their offices and factories in those regions where they get cheap labour and other resources ?
Answer: To lower the cost of production.
Name any two Indian MNCs.
Answer: Tata Motors, Infosys, Ranbaxy, Asian Paints etc.
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