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

Students can practice the NCERT MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers Pdf free download is available here. Revise all the concepts easily by taking help from the MCQ Questions for Class 10 Economics with Answers are prepared based on the latest exam pattern. Students can refer to these Globalisation and the Indian Economy Class 10 MCQs Questions with Answers and assess their preparation level.

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.


We think the shed NCERT MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers Pdf free download will benefit you to the fullest. If you need any kind of assistance while practicing CBSE Class 10 Economics Globalisation and the Indian Economy MCQs Multiple Choice Questions with Answers, do leave us your queries and we will look into it and add it accordingly.

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