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Globalization and the Indian Economy MCQ Question Answers of CBSE Class 10 Economics Chapter 4 from Understanding Economic Development Book
Globalization and the Indian Economy MCQs – Here is a compilation of Free MCQs of Class 10 Economics Understanding Economic Development Book Chapter 4 Globalization and the Indian Economy. Students can practice free MCQs as have been added by CBSE in the new exam pattern. At the end of Multiple Choice Questions, the answer key has also been provided for your reference.
Q1. What is the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs)?
A. International trade
B. Globalization
C. International investment
D. World trade
Q2. ………… have been a major force in the globalization process connecting distant regions of the world?
A. Traders
B. International companies
C. Multinational corporations
D. Businesses houses
Q3. What are the key ideas behind understanding the process of globalisation and its impact?
A. Integration of production
B. Integration of gross profits
C. Integration of markets
D. A & C
Q4. Which factors has globalization been facilitated by?
A. Rapid improvements in technology
B. Liberalisation of trade and investment policies
C. Pressures from international organisations
D. All
Also See: Class 10 History Chapter 4 “Before the Industrial Revolution” MCQs
Q5. What is a multinational corporation-MNC?
A. A corporation that does international trade
B. Manufactures goods for other countries
C. A company that owns or controls production in more than one nation
D. None of the above
Q6. MNCs set up offices and factories for production in regions where they can get…………………..?
A. Cheap labour and other resources.
B. Good market for profits
C. They can make great sales
D. More industry
Q7. MNCs generally manufacture goods and market them……….
A. From one location in a single country
B. From different locations in a single
C. From different locations in different countries
D. All
Q8. The money that is spent to buy assets such as land, building, machines and other equipment by MNCs is called………?
A. Investment
B. Foreign Investment
C. Domestic investment
D. International investment
Q9. What advantage do the local companies have by setting up joint production with MNCs?
A. More profit
B. More resources
C. Latest technology for better production
D. Foreign exchange
Important Questions and Answers
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Q10. The most common route for MNC investments is to buy up ……………….
A. Local resources
B. Local technology
C. Excess land for factories
D. Local companies
Q11. In which other way do the MNCs control production?
A. By land of local country
B. Send the latest technology from parent country
C. place orders for production with small producers, which then sell these under their own brand name
D. Send the brand name to the company they buy
Q12. Ford Motors came to India in 1995, by 2017, Ford Motors was selling …………….. cars in the Indian markets?
A. 88000
B. 85000
C. 87000
D. 84000
Q13. Which Indian companies have invested abroad?
A. Coca Cola
B. Ranbaxy
C. Nike
D. Pepsi
Q14. Within a year, ……….. of the toy shops had replaced Indian toys with Chinese toys?
A. 40 to 50%
BA. 50 to 60%
C. 70 to 80%
D. 80 to 90%
Q15. Globalisation, by connecting countries, shall result in ……….?
A. lesser competition among producers.
B. greater competition among producers.
C. no change in competition among producers.
D. None of the above
Q16. What has been one major factor that has stimulated the globalisation process?
A. Availability of cheap labour in developing countries
B. Availability of unexploited resources in developing countries
C. Some countries are good in the landscape for natural resources
D. Rapid improvement in technology
Q17. Goods are placed in ……….. that can be loaded intact onto ships, railways, planes and trucks?
A. Vessels
B. Containers
C. Receptacles
D. Tanks
Q18. What is used to contact one another around the world, to access information instantly, and to communicate from remote areas?
A. Mail and telephone
B. Information technology
C. Telecommunication.
D. B & C
Q19. Suppose the Indian government puts a tax on the import of toys from China, what would happen?
A. Toys will get cheaper, more purchase by a consumer
B. No effect
C. Toys will get expensive, less purchase by a consumer
D. Toys wll get expensive, more purchase by a consumer
Q20. Governments use …………… to increase or decrease (regulate) foreign trade and to decide what kinds of goods and how much of each, should come into the country?
A. Tax levies
B. Increased taxes
C. Relaxation of taxes
D. trade barrier
Q21. Removing barriers or restrictions set by the government is what is known as……..?
A. Globalization
B. Liberalisation
C. Regeneration
D. Expansion
Q22. ………..is one such organisation whose aim is to liberalise international trade?
A. WTO
B. UNC
C. IMF
D. ITO
Important Videos Links
Q23. How many countries of the world are currently members of the WTO?
A. 134
B. 165
C. 164
D. 155
Q24. The central and state governments in India have set up………… to attract foreign companies to invest in India?
A. Special Investment Zones
B. Special Economic Zones
C. Special Trade Zones
D. Special Business Zones
Q25. Which Indian Company has emerged as an MNC?
A. Mahindra & Mahindra
B. Tata Motors
C. Renault
D. Maruti Suzuki
Q26. Give examples of industries in India where the small manufacturers have been hit hard due to competition?
A. Toys
B. Tyres
C. Weaving
D. A & B
Q27. Large MNCs in the ………….industry in Europe and America order their products from Indian exporters?
A. Automobiles
B. Soft Drinks
C. Garments
D. Minerals
Q28. What do MNCs buy at cheap rates from small producers?
A. Automobile parts
B. Garments, footwear, sports regulate trade items
C. Agriculture products
D. Mineral ore
Q29. Which MNCs have invested in setting up factories in India for production?
A. Automobiles
B. Soft Drinks
C. Garments
D. Minerals
Q30. ………… has helped most in the spread of production of services?
A. Email
B. Telegraph
C. Call centres
D. Fax
Answer key for Class 10 Economics Chapter 4 Globalization and the Indian Economy MCQs
| Q. | Ans. | Q. | Ans. | Q. | Ans. |
| 1 | B | 11 | C | 21 | B |
| 2 | C | 12 | A | 22 | A |
| 3 | D | 13 | B | 23 | C |
| 4 | D | 14 | C | 24 | B |
| 5 | C | 15 | B | 25 | B |
| 6 | A | 16 | D | 26 | D |
| 7 | C | 17 | B | 27 | C |
| 8 | B | 18 | D | 28 | B |
| 9 | C | 19 | C | 29 | A |
| 10 | D | 20 | D | 30 | C |
Also See :
- MCQs for Class 10 Economics Book Chapter 1 “Development”
- MCQs for Class 10 Economics Book Chapter 2 “Sectors of the Indian Economy”
- MCQs for Class 10 Economics Book Chapter 3 “Money and Credit”
- MCQs for Class 10 Economics Book Chapter 5 “Consumer Rights”