Social Science Objective Questions and Answers: Chapter 04 Globalization and the Indian Economy
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Multiple Choice Questions
(a) A number of local manufacturers are supplying components to its Chennai plant, and MNCs feel they can supply components to other plants globally
(b) Cost of labour and material is very low in India
(c) The components can easily be supplied to other MNC car manufacturers in India and China
(d) All of the above
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Answer: (d) All of the above
Explanation:
1. Low-cost local component manufacturing, cheap labour and material, and easy supply to other MNCs in the region together make India an attractive component-supply base.
Teacher's Note:
a) All three factors — local supplier base, low costs, regional MNC presence — drive this decision.
b) This illustrates how MNCs structure global production networks.
(a) Close to the market
(b) Favourable government policies
(c) Skilled and unskilled labour available at low cost
(d) All of these
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Answer: (d) All of these
Explanation:
1. MNCs choose production locations based on a combination of market proximity, supportive government policy, and the availability of low-cost labour.
Teacher's Note:
a) MNC location decisions depend on market access, policy and low-cost labour together.
b) No single factor alone usually decides where an MNC sets up production.
(a) Both A and R are true and R is the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Show Answer & Explanation
Answer: (a) Both A and R are true and R is the correct explanation of A.
Explanation:
1. MNCs are indeed drawn to India, and flexible labour laws are a genuine part of why — they reduce production costs and make setting up operations easier for MNCs.
Teacher's Note:
a) Flexible labour laws are a real reason MNCs find India attractive.
b) Both statements are true, and R correctly explains A.
(a) Foreign trade implies exchange of goods and services across countries
(b) It helps expand the size of the market for producers
(c) Producers and consumers can get commodities produced in any part of the world
(d) All of the above
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Answer: (d) All of the above
Explanation:
1. Foreign trade covers all three effects together: cross-border exchange, larger markets for producers, and wider commodity access for consumers.
Teacher's Note:
a) Foreign trade expands both producers' markets and consumers' choices.
b) All three statements describe genuine effects of foreign trade.
(a) It creates an opportunity for producers to reach beyond domestic markets
(b) Producers can sell not just within their own country but also compete in markets abroad
(c) The impact of goods produced in another country also expands the choice of goods available
(d) All of the above
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Answer: (d) All of the above
Explanation:
1. Foreign trade connects countries through all three channels together: wider market reach, cross-border competition, and expanded consumer choice.
Teacher's Note:
a) Foreign trade links countries by widening both producer reach and consumer choice.
b) These combined effects are why trade is called a main channel of globalisation.
(a) It is the only way for economic development of the country
(b) It interlinks only production-based activities in dispersed locations in the world
(c) It has always given only positive results in all countries
(d) It leads to the spread of technology, cultures and diseases from one region to another
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Answer: (d) It leads to the spread of technology, cultures and diseases from one region to another
Explanation:
1. Globalisation is accurately described as spreading technology, cultures and even diseases across regions; the other options overstate globalisation as the only path to development, limit it to production alone, or wrongly claim it is always positive.
Teacher's Note:
a) Globalisation spreads technology, culture and even disease across borders.
b) It isn't the only route to development, nor is it always purely positive.
(a) Nationalisation
(b) Globalisation
(c) Liberalisation
(d) Taxation
Show Answer & Explanation
Answer: (c) Liberalisation
Explanation:
1. Removing government-imposed barriers and restrictions on foreign trade and investment is specifically called liberalisation — which then enables the broader process of globalisation.
Teacher's Note:
a) Liberalisation is the removal of trade/investment barriers.
b) It is the policy step that enables globalisation and cases like the Chinese-toys example.
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Multiple Choice Questions (MCQs) for Class 10 Social Science Chapter 04 Globalization and the Indian Economy
Download Multiple Choice Questions: Chapter 04 Globalization and the Indian Economy (Class 10 Social Science)
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FAQs
You can get most exhaustive CBSE Class 10 Social Science Globalization and The Indian Economy MCQs Set 06 for free on StudiesToday.com. These MCQs for Class 10 Social Science are updated for the 2026-27 academic session as per CBSE examination standards.
Yes, our CBSE Class 10 Social Science Globalization and The Indian Economy MCQs Set 06 include the latest type of questions, such as Assertion-Reasoning and Case-based MCQs. 50% of the CBSE paper is now competency-based.
By solving our CBSE Class 10 Social Science Globalization and The Indian Economy MCQs Set 06, Class 10 students can improve their accuracy and speed which is important as objective questions provide a chance to secure 100% marks in the Social Science.
Yes, Social Science MCQs for Class 10 have answer key and brief explanations to help students understand logic behind the correct option as its important for 2026 competency-focused CBSE exams.
Yes, you can also access online interactive tests for CBSE Class 10 Social Science Globalization and The Indian Economy MCQs Set 06 on StudiesToday.com as they provide instant answers and score to help you track your progress in Social Science.