Class 10 Social Science Chapter 4 Globalization and The Indian Economy MCQ Questions with Answer

Globalization and The Indian Economy Class 10 MCQ is one of the best strategies to prepare for the CBSE Class 10 Board exam. If you want to complete a grasp concept or work on one’s score, there is no method except constant practice. Students can improve their speed and accuracy by doing more Globalization and The Indian Economy class 10 MCQ which will help them all through their board test.

Globalization and The Indian Economy Class 10 MCQ Questions with Answer

Class 10 Social Science MCQ with answers are given here to Chapter 4 Globalization and The Indian Economy. These MCQs are based on the latest CBSE board syllabus and relate to the latest Class 10 Social Science syllabus. By Solving these Class 10 MCQs, you will be able to analyze all of the concepts quickly in the Chapter and get ready for the Class 10 Annual exam.

Learn Globalization and The Indian Economy Class 10 MCQ with answers pdf free download according to the latest CBSE and NCERT syllabus. Students should prepare for the examination by solving CBSE Class 10 Globalization and The Indian Economy MCQ with answers given below.

Question 1. Indian government has put barriers to foreign trade and foreign investment known as
(a) trade restrictions.
(b) trade barriers.
(c) trade transactions.
(d) trade deficit.

Question 2. World Trade Organisation is the organisation whose aim is to liberalise
(a) internal trade.
(b) international trade.
(c) external trade.
(d) national trade.

Question 3. The aim of WTO is
(a) to keep watch on trade of less developing countries
(b) to support only the least developed countries
(c) to promote trade in developed countries
(d) to liberalize international trade

Question 4. What is the benefit of container used in transportation of goods?
(a) Reduction in port handling costs
(b) Reduction in delays
(c) Reduction in damaged goods
(d) All of them

Question 5. Tax on imports is an example of __________.
(a) Indirect tax
(b) Trade barrier
(c) Sales tax
(d) Direct tax

Question 6. In general, where does MNC prefer to set up production units?
(a) Where tax rate is high
(b) Countries who are member of WTO
(c) Where other MNC’s exist
(d) Where labour is available at low costs

Question 7. Liberalization means
(a) removing trade barriers.
(b) adding more trade barriers.
(c) protecting domestic industries.
(d) closing domestic economy.

Question 8. Favourable balance trade means :
(a) The value of visible exports is less than the value of visible imports
(b) The value of both is equal
(c) The value of visible exports and value of visible imports is different
(d) The value of visible exports is more than the value of visible imports

Question 9. Where is the headquarters of World Trade Organisation situated ?
(a) Washington
(b) Geneva
(c) Delhi
(d) Calcutta

Question 10. Government has set trade barriers
(a) to increase foreign trade.
(b) to protect international companies.
(c) to regulate foreign trade.
(d) to increase the production of wheat.

Question 11. Which of the following statement is not true regarding the world trade organization ?
(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) W.T.O. Rules have forced the developing countries to remove trade barriers.

Question 12. In India, the first plant set up by Ford Motors was established in
(a) Kashmir
(b) Punjab
(c) Bangalore
(d) Chennai

Question 13. According to 2011, the member countries of WTO are
(a) 129.
(b) 139.
(c) 153.
(d) 159.

Question 14. The restriction imposed on imports is known as
(a) tade formality
(b) trade barrier
(c) trade control
(d) trade shortage

Question 15. Ford Motors came to India in
(a) 1994
(b) 1995
(c) 1996
(d) 1997

Question 16. In which five year plan, Mahalanobis Model was adopted in India?
(a) Fifth
(b) First
(c) Second
(d) Third

Question 17. Rapd integration or inter-connection between countries is called
(a) urbanisation.
(b) liberalisation.
(c) globalisation.
(d) migration.

Question 18. How can government use a trade barrier?
(a) To increase foreign trade
(b) To protect international companies
(c) To decide how much of any commodity should come into the country
(d) To increase production of wheat

Question 19. The past decades of globalization has seen rapid movements in ______.
(a) goods, services and people
(b) goods, technology, investments and services
(c) goods and people
(d) Technology and goods

Question 20. Investment made by MNCs is called
(a) foreign investment.
(b) direct investment.
(c) indirect investment.
(d) domestic investment.

Question 21. What is the major benefit to the local company of a joint production with MNC?
(a) Domestic labours get high wages
(b) Production reduces
(c) Domestic companies started following labour laws
(d) MNC’s can provide money for additional investments

Question 22. ‘SAPTA’ is an agreement on Trade among the SAARC Nations. The expansion of SAPTA is one of the following :
(a) South Asian Protection of Trade Agreement
(b) South Asian Preferential Trade Agreement
(c) South Asian Partial Trade Agreement
(d) South Asian Pacific Trade Agreement

Question 23. What do you mean by liberalization?
(a) Removing trade barriers
(b) Adding more trade barriers
(c) Protecting domestic industries
(d) Closing domestic economy

Question 24. What is meant by Incuced Investment ?
(a) Investment motivated by the Govt.
(b) Investment made by the private enterpreneur
(c) investment that depends on income and profit
(d) Investment independent of income and profit.

Whoever needs to take the CBSE Class 10 Board Exam should look at this MCQ. To the Students who will show up in CBSE Class 10 Social Science Board Exams, It is suggested to practice more and more questions. Aside from the sample paper you more likely had solved. These Globalization and The Indian Economy Class 10 MCQ are ready by the subject specialists themselves.

Question 25. In which year was the World Trade Organisation established ?
(a) 1995
(b) 1998
(c) 1991
(d) 1992

Question 26. What does WTO stand for?
(a) World Telecommunication Organization
(b) World Toll Organization
(c) World Trade Organization
(d) World Trade Orientation

Question 27. Companies that own and control production in more than one country are called
(a) Multiple National Companies
(b) Multiple Nation Companies
(c) Multi National Corporations
(d) Multiple Nation Corporations

Question 28. Important role played In globalization:
(a) Intenational Company
(b) Multinational Company
(c) National Company
(d) Government Company

Question 29. The Multi-national Company of India is
(a) Infosys
(b) Asian Paints
(c) Tata Motors
(d) All of These

Question 30. Started at the initiative of ______ countries, WTO established rules regarding international trade.
(a) Least developed
(b) Developing
(c) Developed
(d) Poor

Question 31. Companies who set up production units in SEZ’s do not have to pay taxes for an initial period of _____ years.
(a) 2
(b) 3
(c) 4
(d) 5

Question 32. Name an MNC dealing in medicines
(a) Ranbaxy
(b) Asian Paints
(c) Tata Motors
(d) Tata Indicom

Question 33. What do you mean by investment?
(a) Money spent for investment
(b) The money used to build the factory only
(c) Money used by owners for luxuries
(d) Money that is spent to buy assets such as land, building, machines and other equipment

Question 34. Cargill Foods, an American MNC, had bought smaller Indian companies such as
(a) Pillsbury Foods.
(b) Parakh Foods.
(c) Aashirwad Foods.
(d) MTR Foods.

Question 35. Which group demanded a New International Economic Order [NIEO] ?
(a) Group of 77 (G-77)
(b) SAARC countries
(c) Group of 8 (G-8)
(d) All the above

Question 36. Who are the most affected from WTO rules?
(a) Indian farmers
(b) Farmers of USA
(c) Industrialist in India
(d) Industrialist in China

Question 37. How can government of a country play a major role in making Globalization fairer?
(a) Government can ensure that labour laws are properly implemented
(b) Government can support large producers to improve their performance
(c) Government can negotiate at UNO for fairer rules
(d) Government should negotiate with USA

Question 38. What is Globalisation?
(a) Process of rapid integration between countries
(b) Process of rapid integration of various states of a country
(c) Rapid integration of people of various countries only
(d) Integration of technologies of different countries only

Question 39. How is an MNC defined?
(a) A MNC is a company that owns or controls production in more than one district in a country
(b) A MNC is a company that owns or controls production in more than one state in a country
(c) A MNC is a company that owns or controls production in more than one nation
(d) All of the above.

Question 40. Globalisation has enabled which large Indian company to emerge as multinational company ?
(a) Tata Motors
(b) Infosys
(c) Ranbaxy
(d) All of these

Question 41. Within a year, 70% to 80% of toy shops have replaced Indian toys with Chinese toys due to
(a) cheaper prices.
(b) good material.
(c) easy availability.
(d) better quality.

Question 42. What is the basic function of foreign trade?
(a) Connects markets of two countries only
(b) Creates opportunity for only the buyer to approach foreigh goods
(c) Connects markets of different countries
(d) Foreign trade connects developed countries only

Question 43. Globalization has mostly affected ______.
(a) Developed countries
(b) Small producers
(c) Large producers
(d) MNC’s

Question 44. The duration of the First Five yera Plan of India was…………
(a) 1947-1952
(b) 1950-1955
(c) 1955-1960
(d) 1951-1956

Question 45. Choose the correct sequence to indicate the following statements as True(T) or False (F) :
A. The W.T.O. has formulated a policy of free trade among the member nations.
B. The developing nations are immensely benefited by free trade policy.
C. The developed countries are interested in helping the weaker countries through this policy.
D. The developing countries are subjected to economic exploitation to economic exploitation in the name of free trade policy.
(a) T, T, F, F
(b) F, F, T, T
(c) F, T, T, T
(d) T, F, F, T

Question 46. What is the name given to an economy which has no relation with rest of the world?
(a) Capitalist Economy
(b) Mixed Economy
(c) Socialist Economy
(d) Closed Economy

Question 47. What special step has been taken by the central and state goverenments to attract foreign companies in India ?
(a) SEZs
(b) EU
(c) NPO
(d) JSY

Question 48. Which of the following term is used to describe trade between two or more countries :
(a) Internal trade
(b) International trade
(c) External trade
(d) Local trade

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