CBSE Class 10 Social Science MCQs for Economics (All Chapters): Important for Term 1 Exam 2021-22

As per the new exam pattern introduced by CBSE for the Class 10th Board Exam 2021-2022, 1 mark MCQs will play an important role in the term-wise exams. The Social Science question paper in the Term 1 Board Exam will have MCQs of different types. The MCQs provided in this article will be very helpful to prepare for such questions and brush up on the concepts of Economics subject. Students must practice these chapter-wise questions to prepare well for their exams.

Note: Practice the MCQs (provided below) according to the CBSE Class 10 Social Science Term 1 Syllabus 2021-22. Prepare only the chapters prescribed in the revised syllabus.

Chapter 1 : Development

Ques 1 Which of the following neighbouring countries has better performance in terms of human development than India?

1. Bangladesh
2. Sri Lanka
3. Nepal
4. Pakistan

Ans: (ii) Sri Lanka

Ques 2 What is the full form of UNDP?

1. United States National Development Project
2. Union National Global Development
3. United Nations Global Development Network
4. Union of Nations for Global Development

Ans: United Nations’ Global Development Network

Ques 3 Per Capita Income is also known as

1. Marginal Income
2. Average Income
3. Income Distribution Parameter

Ans:  Average Income

For more MCQs from Chapter 1 of Economics - Click Here

Class 10 Social Science: Check Important Questions & Answers of Geography - All Chapters

Chapter 2 : Sectors of the Economy

Ques 1 Underemployment occurs when people

1. do not want to work
2. are working in a lazy manner
3. are working less than what they are capable of doing
4. are not paid for their work

Ans: are working less than what they are capable of doing

Ques 2 What is the full form of NREGA?

1. National Rural Employment Government Act
2. National Rural Education Guarantee Act
3. National Rural Employment Guarantee Act
4. National Rozgaar Employment Guarantee Act

Ans: National Rural Employment Guarantee Act

Ques 3 Find the odd one out and say why.

i) Postman,

ii) cobbler,

iii) soldier,

iv) police constable

Ans: ii) cobbler, 

For more MCQs from Chapter 2 of Economics - Click Here

Chapter 3 : Money & Credit

Ques 1 Which of the following methods can reduce the dependence on informaal sector?

1. banks and cooperatives increase their lending particularly in the rural areas,
2. interest rates are decreased on credit
3. formal sector loans expands,andeveryone receives loans
4. All the above

Ans: All the above

Ques 2 Which one of the following is NOT a term of credit?

1. Collateral
2. Interest rate
3. Bank Deposits of the borrower
4. mode of repayment

Ans: Bank Deposits of the borrower

Ques 3 In a SHG most of the decisions regarding savings and loan activities are taken by

1. Bank
2. Members
3. Non-government organisation

Ans: Members.

For more MCQs from Chapter 3 of Economics - Click Here

Class 10 Social Science: Check Important Questions & Answers of History - All Chapters

Chapter 4 : Globalization and the Indian Economy

Ques 1 Which organisation supports liberalisation of foreign trade and investments in India?
(a) International Labour Organisation (ILO)
(b) World Bank
(c) World Trade Organisation (WTO)
(d) International Monetary Fund (IMF)

Ans: World Trade Organisation (WTO)

Ques 2 The main channel that connected the countries in past was ______
(a) Labour
(b) Religion
(c) Technology
(d) Trade

Ans: Trade

Ques 3 The term used for rapid integration or interconnection between countries is known as:
(a) Privatisation
(b) Globalisation
(c) Liberalisation
(d) Socialisation

Ans: Globalisation

For more MCQs from Chapter 4 of Economics - Click Here

Check Important Questions & Answers of Class 10 Economics- All Chapters