Refer to CBSE Class 10 Social Science Globalization and The Indian Economy MCQs Set A provided below available for download in Pdf. The MCQ Questions for Class 10 Social Science with answers are aligned as per the latest syllabus and exam pattern suggested by CBSE, NCERT and KVS. Chapter 4 Globalization and the Indian Economy Class 10 MCQ are an important part of exams for Class 10 Social Science and if practiced properly can help you to improve your understanding and get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 10 Social Science and also download more latest study material for all subjects
MCQ for Class 10 Social Science Chapter 4 Globalization and the Indian Economy
Class 10 Social Science students should refer to the following multiple-choice questions with answers for Chapter 4 Globalization and the Indian Economy in Class 10.
Chapter 4 Globalization and the Indian Economy MCQ Questions Class 10 Social Science with Answers
Globalization and The Indian Economy
Question : MNC stands for
a) Multinational Corporation
b) Multination Corporation
c) Multinational Cities
d) Multinational Council
Answer : A
Question : Investment made by MNCs is called
a) Investment
b) Foreign Trade
c) Foreign Investment
d) Disinvestment
Answer : C
Question : Process of integration of different countries is called
a) Liberalisation
b) Privatisation
c) Globalisation
d) None of the above
Answer : C
Question : MNCs do not increase
a) Competition
b) Price war
c) Quality
d) None of the above
Answer : D
Question : This helps to create an opportunity for the producers to reach beyond the domestic market
a) Foreign trade
b) Domestic trade
c) Internal trade
d) Trade barrier
Answer : A
Question : Foreign Trade
a) Increases choice of goods
b) Decreases prices of goods
c) Increases competition in the market
d) Decreases earnings
Answer : D
Question : Globalisation was stimulated by
a) Money
b) Transportation
c) Population
d) Computers
Answer : B
Question : Production of services across countries has been facilitated by
a) Money
b) Machine
c) Labour
d) Information and communication technology
Answer : D
Question : Tax on imports is an example of
a) Investment
b) Disinvestment
c) Trade barrier
d) Privatisation
Answer : C
Question : Liberalisation does not include
a) Removing trade barriers
b) Liberal policies
c) Introducing quota system
d) Disinvestment
Answer : C
Question : Small Scale industries face competition from
- a) Cheap imports
- b) Rising prices
- c) Exports
- d) Subsidy
Answer : A
Question : Which one is false?
- a) MNCS offer subsidy to the small scale industries
- b) MNCs acquire small companies to expand production
- c) MNCs enter into joint venture to enter into foreign markets
- d) MNCs set up own production center in foreign countries
Answer : A
Question : Globalization is not supported by
- a) None of the options
- b) Privatization
- c) Liberalization
- d) Information and communication technology
Answer : A
Question : The most important factor that has stimulated globalisation is ......... .
a) population explosion
b) spread of education
c) urbanisation
d) rapid improvement in technology
Answer : D
Question : It creates an opportunity for the producers to reach beyond the domestic markets. What does it refer to?
a) Technology
b) Investments
c) Trade barriers
d) Globalisation
Answer : D
Question : Which one of the following is not an MNC?
a) Reebok Shoes
b) Tata Motors
c) SAIL
d) Infosys
Answer : C
Question : 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 partnerships with local companies.
Answer : B
Question : SEZ stands for
- a) Special Economic Zone
- b) Special Economic Package
- c) Special Ecology Zone
- d) None of the options
Answer : A
Question : WTO stands for
- a) World Trade Organization
- b) World Tennis Organization
- c) World Trade Office
- d) World Trade center
Answer : A
Question : Which of the following industries has a large number of well-off buyers in urban areas?
(a) Electronics
(b) Fast food
(c) Automobiles
(d) All of these
Answer : D
Question : Identify which one of the following organisations lays stress on liberalisation of foreign trade and foreign investment?
(a) International Monetary Fund
(b) International Labour Organisation
(c) World Health Organisation
(d) World Trade Organisation
Answer : D
Question : The investment made by MNCs is called ______.
(a) foreign investment
(b) foreign trade
(c) foreign demand
(d) foreign supply
Answer : A
Question : Identify why do MNCs set up offices and factories in more than one nation?
(a) Because the cost of production is high and the MNCs can earn profit.
(b) Because the cost of production is low and the MNCs undergoes a loss.
(c) Because the cost of production is low and the MNCs can earn greater profit.
(d) Because the MNCs want to make their presence felt globally.
Answer : C
Question : Globalisation, by connecting countries, leads to:
(a) no competition between producers.
(b) lesser competition between producers.
(c) greater competition between producers.
(d) none of the above
Answer : C
Question : Removing barriers or restrictions set by the government is called:
(a) investment
(b) liberalisation
(c) favourable trade
(d) free trade
Answer : B
Question : Which Indian company has been bought by Cargill Foods, an MNC?
(a) Amul
(b) Parakh foods
(c) Britannia
(d) Dabur
Answer : B
Question : Name the Indian manufacturer with which Ford Motors entered the Indian automobile business.
(a) Mahindra and Mahindra
(b) Suzuki
(c) Maruti
(d) Hindustan Motors
Answer : B
Question : Which of the following is an example of globalization?
(a) Indians consuming goods produced abroad.
(b) Indians becoming self-sufficient in terms of production of goods and services.
(c) Indians moving across different states in domestic territory.
(d) Indians producing huge amount of agricultural produce.
Answer : A
Question : The aim of Special Economic Zones (SEZ) developed by the Government of India is _____.
(a) to attract foreign companies to invest in India.
(b) to encourage small investors.
(c) to encourage regional development.
(d) none of the above.
Answer : A
Question : The main aim of World Trade Organisation is _____________.
(a) to liberalise domestic trade.
(b) to liberalise international trade.
(c) to restrict trade from foreign countries.
(d) none of the above
Answer : B
Question : Which of the following is a benefit of globalization?
(a) Consumers pay higher amount for goods and services, so producers are better off.
(b) Asymmetric information cannot exist in a globalized market.
(c) Consumers get a wide variety of goods to choose from.
(d) Homogeneous goods are sold in a globalized market.
Answer : C
Question : Globalisation so far has been more in favour of _________.
(a) developed countries
(b) developing countries
(c) poor countries
(d) none of the above
Answer : A
Question : ‘Increased job opportunities’ in countries is an impact of _____________ .
(a) privatisation
(b) liberalisation
(c) globalisation
(d) none of these
Answer : C
Question : Which of the following is an advantage of globalization to multinational companies?
(a) Multinational companies do not have to procure raw materials from other countries as globalization leads to self-sufficiency of companies.
(b) Spreading out production across international borders can help in lowering the cost of production.
(c) When multinational companies expand production across the world, they do not have to pay taxes as they help in generating employment.
(d) Multinational companies can easily put the burden of increased cost of production on global consumers and continue to earn high profits.
Answer : B
Question : Identify which one of the following Indian industries has been hit hard by globalisation?
(a) Information Technology (IT)
(b) Toy making
(c) Jute
(d) Cement
Answer : B
Question : Identify in which year did the government decide to remove barriers on foreign trade and investment in India?
(a) 1993
(b) 1992
(c) 1991
(d) 1990
Answer : C
Question : Which of the following can be a benefit to local businesses if they conduct business with MNCs?
(a) Local businesses do not have to invest in the business as MNCs do all the investment.
(b) MNCs provide cheap labour to local businesses.
(c) MNCs can bring advanced techniques of production.
(d) Local businesses earn higher profits as their cost of production becomes nil.
Answer : C
Question : Study the picture and answer the question that follows:
Which of the following aspects best signifies above image?
(a) Liberalisation
(b) Trade
(c) WTO
(d) Internet
Answer : A
Question : Match the following Questions:
Options:
(a) A-i, B-ii, C-iii
(b) A-ii, B-iii, C-i
(c) A-iii, B-i, C-ii
(d) A-iii, B-ii, C-i
Answer : B
Question : A___________is a company that owns or controls production in more than one nation/country.
(a) Domestic company
(b) Multinational corporation
(c) International corporation
(d) None of the above
Answer : B
Question : Study the picture and answer the question that follows:
Which of the following aspects best signifies above image?
(a) Liberalisation
(b) Trade
(c) WTO
(d) Internet
Answer : D
Question : Identify which one of the following is a major benefit of joint production between a local company and a Multi- National Company?
(a) MNCs can bring latest technology in the production.
(b) MNCs can control the increase in the price.
(c) MNCs can buy the local company.
(d) MNCs can sell the products under their brand name.
Answer : A
Question : Identify the incorrect feature of a Multi-National Company.
(a) It owns/controls production in more than one nation.
(b) It sets up factories where it is close to the markets.
(c) It organises production in complex ways.
(d) It employs labour only from its own country.
Answer : D
Question : Identify the correct statement: 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 : C
Question : Identify the one which is a ‘barrier’ in foreign trade:
(a) Tax on import
(b) Quality control
(c) Sales tax
(d) Tax on local trade
Answer : A
Question : Identify the correct option which contributes to globalisation:
(a) internal trade
(b) external trade
(c) large scale trade
(d) small scale trade
Answer : B
Question : Trade between countries:
(a) decreases competition between countries.
(b) determines prices of products in different countries.
(c) makes a country dependent on the other.
(d) none of the above
Answer : B
Question : What was the far reaching change in the policy made in India in 1991?
(a) Instil trade barriers
(b) Removal of trade barriers
(c) Remove taxation
(d) None of the above
Answer : B
Question : Liberalization does not include
- a) Introducing quota system
- b) Removing trade barriers
- c) Disinvestment
- d) Liberal policies
Answer : A
Question : Tax on imports is an example of
- a) Trade barrier
- b) Investment
- c) Disinvestment
- d) Privatization
Answer : A
Question : How many countries are currently the members of the World Trade Organisations?
a) 140 countries
b) 145 countries
c) 159 countries
d) 149 countries
Answer : D
Question : WTO is dominated by countries like ......... .
a) U.S. and U.K.
b) China and France
c) India and Japan
d) Ireland and Germany
Answer : A
Question : A company that owns or controls production in more than one nation is called ......... .
a) Foreign company
b) Multi National Company
c) International company
d) Local company
Answer : B
Question : What was the idea behind developing Special Economic Zones (SEZs) in India?
a) To attract foreign companies to invest in India
b) To earn foreign exchange
c) To make India financially stable
d) To make India a developed country
Answer : A
Question : Production of services across countries has been facilitated by
- a) Information and communication technology
- b) Money
- c) Machine
- d) Labor
Answer : A
Question : Globalization was stimulated by
- a) Transportation
- b) Money
- c) Population
- d) Computers
Answer : A
Question : Foreign Trade
- a) Decreases earnings
- b) Increases choice of goods
- c) Decreases prices of goods
- d) Increases competition in the market
Answer : A
Question : 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 : C
Question : What is the full form of WTO?
a) World Transactions Organisation
b) Wealth Trade Organisation
c) World Trade Organisation
d) None of the above
Answer : C
Question : What are the investments made by MNCs called?
a) Foreign investments
b) International investments
c) Multi National investments
d) None of these
Answer : A
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MCQs for Chapter 4 Globalization and the Indian Economy Social Science Class 10
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