CBSE Class 10 MCQs for Economics Chapter 4: All CBSE class 10 students who are going to take the first-ever board exam of their academic journey should gear up for the ultimate challenge now. This is the perfect time to plan your exam preparation strategy when you can read, prepare and assess your knowledge. You will have enough time to discuss any complex topic with your teachers and friends to leave no room for doubts and confusion. Start practising the chapter-wise important questions as you complete one chapter in class. We are preparing important question sets based on the revised syllabus to help class 10 students prepare for their upcoming CBSE Board Exams. This article of Jagran Josh presents here the important MCQs for CBSE Class 10 Economics Chapter - Globalisation and the Indian Economy. This chapter is in continuation with the chapter-wise MCQs for CBSE Class 10 Social Science for the 2023-24 session. All the questions and answers are prepared with the assistance of experienced subject teachers hence all questions are essential for the board exams preparations. All the Class 10 Economics Chapter 4 MCQs and their answers can be checked and downloaded in PDF from a link in the article below.
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CBSE Class 10 Social Science Deleted Syllabus 2023-24
CBSE Class 10 Social Science Sample Paper 2023-24
MCQs for Class 10 Economics Chapter - Globalisation and the Indian Economy
1.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: (d) none of the above.
2.One major government initiative to attract foreign companies to invest in India is:
(a) To raise the standard of education
(b) to promote unemployment in the public sector
(c) To build special economic zones
(d) both (a) and (c)
Answer: (c) To build special economic zones
3.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: (a) Information Technology (IT)
4.Which of the following is not a 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) It employs labour only from its own country.
5.World Trade Organisation (WTO) was started at the initiative of which one of the following
group of countries?
(a) Rich countries
(b) Poor countries
(c) Developed countries
(d) Developing countries
Answer: (c) Developed countries
6.Globalisation has created new opportunities of:
(a) Employment
(b) emerging multinationals
(c) providing services
(d) all of the above
Answer: (d) all of the above
7.An MNC is a company that owns or controls production in
(a) one country
(b) more than one country
(c) only developing countries
(d) only developed countries
Answer: (b) more than one country
8.Globalisation has posed major challenges for:
(a) Big producers
(b) small producers
(c) rural poor
(d) none of these
Answer: (b) small producers
9.Which of the following organisations lays stress on liberalisation of foreign trade and foreign
investment?
(a) International Labour Organisation
(b) International Monetary Fund
(c) World Health Organisation
(d) World Trade Oraganisation
Answer: (d) World Trade Oraganisation
10.What was the main channel connecting country in the past?
(a) Labour
(b) Religion
(c) Technology
(d) Trade
Answer: (d) Trade
11.Companies who set up production units in the Special Economic Zones (SEZs) do not have
to pay taxes for an initial period of:
(a) 2 years
(b) 5 years
(c) 4 years
(d) 10 years
Answer: (b) 5 years
12.Investments made by MNCs are termed as:
(a) Indigenous investment
(b) Foreign investment
(c) Entrepreneur’s investment
(d) None of theAbove
Answer: (b) Foreign investment
13.Tax on imports is an example of:
(a) Terms of Trade
(b) Collateral
(c) Trade Barriers
(d) Foreign Trade
Answer: (c) Trade Barriers
14.It refers to the globalisation which creates opportunities for all and ensures that its benefits
are better shared.
(a) Privatisation
(b) Special Economic Zones (SEZs)
(c) World Trade Organisation (WTO) (d) Fair globalisation
Answer: (d) Fair globalisation
15.The process of rapid integration or interconnection between countries through free trade, free
mobility of capital and labour is called
(a) Foreign trade
(b) Liberalisation
(c) Globalisation
(d) Privatisation
Answer: (c) Globalisation
| Download MCQs for Class 10 Economics Chapter 4 - Globalisation and the Indian Economy |
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