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

The practice of these MCQ Questions for Chapter 4 Globalisation and the Indian Economy Class 10 Economics with answers will help you overcome worries and contribute to an excellent result. Knowledge of the facts and concepts will aid you in developing your self-confidence, which is very helpful in checking them. Through these Class 10 Economics MCQ, we are aiming to provide the students with valuable training that will help them live a healthier life by providing both physical and mental activities.

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

1. One of the major results of globalisation in India has been in the growth of
(a) outsourcing by MNCs
(b) transportation services
(c) telecommunication services
(d) none of the above
► (a) outsourcing by MNCs

2. Globalisation results in
(a) lesser competition among producers
(b) greater competition among producers
(c) no change in competition among producers
(d) none of the above
► (b) greater competition among producers

3. Cheaper imports, inadequate investment in infrastructure lead to
(a) Slowdown in agricultural sector
(b) Replace the demand for domestic production
(c) Slowdown in industrial sector
(d) All the above
► (d) All the above

4. Which has played a big role in spreading globalisation?
(a) Information technology (IT)
(b) Transport technology
(c) Both (a) and (b)
(d) None of the above
► (c) Both (a) and (b)

5. Globalisation so far has been more in favour of
(a) developed countries
(b) developing countries
(c) poor countries
(d) none of the above
► (a) developed countries

6. Globalisation leads to rapid movements of the following between countries:
(a) goods and services
(b) investments
(c) people
(d) all the above
► (d) all the above

7. Fair globalisation refers to ensuring benefits to:
(a) labourers
(b) producers
(c) consumers
(d) all the above
► (d) all the above

8. Liberalisation refers to
(a) freeing the economy from direct control
(b) putting an end to various restrictions
(c) opening up the economy
(d) all the above
► (d) all the above

9. FDI (Foreign Direct Investment) attracted by globalisation in India belongs to the
(a) World Bank
(b) multinationals
(c) foreign governments
(d) none of the above
► (b) multinationals

10. What is the impact of LPG policy of the government?
(a) Stiff competition among producers
(b) Increase in inequalities
(c) Greater choice to consumers
(d) All the above
► (d) All the above

11. A company that operates in more than one country is called a
(a) partnership
(b) corporation
(c) foreign company
(d) multinational
► (d) multinational

12. Globalisation results in
(a) inflow of labour from abroad
(b) inflow of capital from abroad
(c) inflow of tourists from abroad
(d) all the above
► (b) inflow of capital from abroad

13. Which of the following contributes to globalisation?
(a) internal trade
(b) external trade
(c) large scale trade
(d) small scale trade
► (b) external trade

15. Globalisation is called fair globalisation when it benefits
(a) labour
(b) investors
(c) consumers
(d) all the above
► (d) all the above

16. Special Economic Zones (SEZ) developed by the Government of India aim
(a) to attract foreign companies to invest in India
(b) to encourage small investors
(c) to encourage regional development
(d) none of the above
► (a) to attract foreign companies to invest in India

17. Which one of the following is not true regarding the World Trade Organisation?
(a) It allows free trade to all countries without any trade barriers.
(b) Its aim is to liberalise international trade.
(c) It establishes rules regarding international trade.
(d) WTO rules have forced the developing countries to remove trade barriers.
► (a) It allows free trade to all countries without any trade barriers.

18. Entry of MNCs in a domestic market may prove harmful for:
(a) all large scale producers.
(b) all domestic producers.
(c) all substandard domestic producers.
(d) all small scale producers.
► (d) all small scale producers.

19. Rapid integration or inter connection between countries is known as:
(a) Privatisation
(b) Globalisation
(c) Liberalisation
(d) Socialisation
► (b) Globalisation

20. Which one of the following is an example of a trade barrier?
(a) Tax on export
(b) Tax on imports
(c) Tax on local trade
(d) High income tax
► (b) Tax on imports

21. What is foreign investment ?
(a) Investment made by foreign governments.
(b) Investment made by foreign companies.
(c) Investment made by the foreign MNCs.
(d) Investment made by the IMF and the World Bank.
► (c) Investment made by the foreign MNCs.

22. Globalisation has posed major challenges for:
(a) Big producers
(b) Small producers
(c) Rural poor
(d) Urban poor
► (b) Small producers

23. Removing barriers or restrictions set by the government is known as:
(a) privatisation
(b) globalisation
(c) liberalisation
(d) socialisation
► (c) liberalisation