CBSE Class 10 Social Science Economics All Chapters MCQs

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CHAPTER:1

(DEVELOPMENT)

Question. In order to get more income people need:- 
a. Regular work
b. Better wages
c. Decent price for their crops 
d. All of these
Answer: D

Question. Things like equal treatment, freedom, security and respect of others are:- 
a. Material things
b. Non material things
c. Income
d. Growth 
Answer: B

Question. National Developmentrefers to:- 
a. Equality
b. Democratic 
c. Employment
d. Development of all sections
Answer: D

Question. Per capita income refers to :- 
a. Whole income
b. Average income
 c. National Income
d. None of these
Answer: B

Question. Literacy measures the proportion of literate population in the -----------age group. 
a. 5 and above
b. 6 and above
c. 7 and above 
d. 8 and above
Answer: C

Question. BMI Stands for:- 
a. Body Mass Index
b. Bureau Mass Index
c. Below Measure Index
d. None of these
Answer: A

Question. In HDI the letter D stands for:- 
a. Development 
b. Decision
c. Develop
d. Delimitation
Answer: A

Question. Sustainable development takes care of the present and ----------. 
a. Society
b. Past
c. Future
.d. Community 
Answer: C

Question. National Income refers to:- 
a. Sum of all the factor incomes 
b. Wages 
c. Rent
d. Interest 
Answer: A

Question. Economic Growth plus Change means:- 
a. Economic Development 
b. Sustainable Development 
c. National Income
d. . None of these
Answer: A

 

CHAPTER: 2

(Sectors of the Indian Economy)

Question. People are engaged in ------------- to produce goods and services.
a. Work
b. Income
c. Economic activities 
d. Growth 

Answer: C

Question. Primary Sector is also known as----------------. 
a. Agriculture and its related activities 
b. Agriculture
c. Economy
d. Dairy

Answer: A

Question. Secondary Sector is also known as----------------
a. Industrial Sector 
b. Manufacturing
c. Restructuring
d. None of these

Answer: A

Question. Tertiary Sector is also known as----------------
a. Services Sector 
b. Hotel and restaurant
c. Trade
d. None of these

Answer: A

Question. Biscuits for the consumer in the market is a---------------
a. Final good 
b. Intermediate good
c. Good
d. Services

Answer: A

Question. In GDP, the letter D stands for------------
a. Domestic 
b. Depression
c. Development
d. Deduction

Answer: A

Question. From 1973 to 2003 which of the following sectors has grown considerably:- 
a. Tertiary 
b. Secondary
c. Agriculture 
d. None 

Answer: A

Question. The share of tertiary sector to the GDP has increased but the contribution of which sector to employment is highest at present------------
a. Primary 
b. Tertiary
c. Secondary
d. None of these

Answer: A

Question. Under employed people are found in -------------
a. Agriculture 
b. Industry
c. Services
d. None of these

Answer: A

Question. Under the National Rural Employment Guarantee Act 2005, work hasbeen guaranteed for --------days.
a. 100 
b. 200 
c. 300
d. 400

Answer: A

CHAPTER:-3
(Money and Credit)
 
Question. Double coincidence of wants is a feature of…………………..
a. Money
b. Barter system of exchange
c. Market
d. Economy
Answer: B
 
Question. Money acts as an intermediate in the exchange process hence it is called a……………………..
a. Store of value
b. Standard of measurement
c. Medium of exchange
d. None
Answer: C
 
Question. The modern currency is accepted as a medium of exchange because the currency is ………………..by the government of the country.
a. Managed
b. Authorised
c. Controlled
d. Owned
Answer: B
 
Question. In India, who issues the currency notes on behalf of the central government?
a. Reserve Bank of India
b. State Bank of India
c. Finance Minister of India
d. None
Answer: A
 
Question. A cheque is a paper …………………. the bank to pay a specific amount from the person’s account to the person in whose name the cheque has been made.
a. Instructing
b. Guaranteeing
c. Authorising
d. Permitting
Answer: A
 
Question. Credit(loan) refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of ………………………..
a. Future payment
b. Payment made
c. No payment
d. Security
Answer: A
 
Question. Collateral is an asset that the borrower owns such as land,building,vehicle, live stocks and …………………..
a. Money
b. Deposits with banks
c. Gold
d. Bank
Answer: B
 
Question. Banks and Cooperative sector are included in which sector loan?
a. Formal sector
b. In-formal sector
c. Credit sector
d. Savings sector
Answer: A
 
Question. Self-Help Groups help the women and rural poor to become …………………. Self-reliant.
a. Financially
b. Industrially
c. Agriculturally
d. Occasionally
Answer: A
 
Question. Grameen Bank of Bangladesh is founded by…………………………..
a. Prof.M. Yunis
b. Prof. A. Sen
c. Dr M.M.Singh
d. Ms T.Nasreen
Answer: A
 
CHAPTER 4
(GLOBALISATION AND THE INDIAN ECONOMY)
 
Question. In the concept MNCs, what is N?
a. Notion
b. Name
c. National
d. Need
Answer: C
 
Question. An MNC is a company that owns or controls production in more than …………….nation.
a. One
b. Two
c. Three
d. Four
Answer: A
 
Question. Globalisation means …………….. the domestic economy to the rest of the world.
a. Disintegration
b. Opening up
c. Inviting
d. Degrading
Answer: B
 
Question. Foreign trade means trade …………………. countries.
a. In
b. Between
c. Of
d. Relation
Answer: B
 
Question. Globalisation is the process of rapid integration or ……………………………… between countries.
a. Interconnection
b. Interdisciplinary
c. Inter-location
d. Intra-location
Answer: A
 
Question. Information and communication technology has been a major factor for the process of………………….
a. Globalisation
b. Generation
c. Growth
d. Economy
Answer: A
 
Question. Removing barriers or restrictions set by the government is known as……………………
a. Liberalisation
b. Privatisation
c. Globalisation
d. None
Answer: A
 
Question. Tax on import is an example of ……………………
a. Growth impediment
b. Trade barrier
c. Foreign trade
d. None
Answer: B
 
Question. What came into existence in 1991?
a. New Economic policy
b. World Trade Organisation
c. GATT
d. None
Answer: A
 
Question. World Trade Organisation’s aim is to liberalise …………………………………
a. International Trade
b. Domestic Trade
c. Trade
d. None
Answer: A
 
Question. SEZs stand for……………………
a. Special Electricity Zones
b. Southern Electricity Zones
c. Special Economic Zones
d. None
Answer: C
 
 
CHAPTER- 5
( Consumer Rights)
 
Question. We the common people participate in the market as……………and……………….
a. Producers, Consumers
b. Government, Firms
c. Goods, Services
d. None
Answer: A
 
Question. …………… and ……………. are required for the protection of the consumers in the market place.
a. Rules, Regulations
b. Goods, Services
c. Law, Price
d. None
Answer: A
 
Question. Exploitation in the market place happens in which of the following ways by the traders?
a. less weight
b. Adulteration
c. Sale of defective goods
d. All of these
Answer: D
 
Question. Rampant food shortages, hoarding, black marketing, adulteration of food and edible oil gave birth to…………………
a. Consumer movement
b. Population explosion
c. Consumption
d. Production
Answer: A
 
Question. In 1985 the United Nations adopted the UN Guidelines for ………………………….
a. Consumer protection
b. Consumer awareness
c. Consumer movement
d. None
Answer: A
 
Question. Consumer Protection Act (COPRA) was enacted by the Government of India in………………….
a. 1985
b. 1986
c. 1987
d. 1989
Answer: B
 
Question. National Consumer ………………. Redressal Commission is located in New Delhi.
a. Disputes
b. Distress
c. Decision
d. District
Answer: A
 
Question. Right to Information Act came into existence in…………………….
a. 2004
b. 2005
c. 2006
d. 2009
Answer: B
 
Question. Right to choose, Right to seek redressal, Right to represent and Right to be informed are….
a. Consumer rights
b. Fundamental rights
c. Fundamental duties
d. None of these
Answer: A
 
Question. ISI, ISO, Agmark, Hallmark etc. are ……………….
a. Logos
b. Certification
c. Both a and b
d. Neither a nor b
Answer: C

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