MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers

We have compiled the NCERT MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers Pdf free download covering the entire syllabus. Practice MCQ Questions for Class 10 Economics with Answers on a daily basis and score well in exams. Refer to the Globalisation and the Indian Economy Class 10 MCQs Questions with Answers here along with a detailed explanation.

Q1. Investment means spending on

(a) factory building
(b) machines
(c) equipments
(d) all the above

(d) all the above

Q2. Globalisation results in

(a) inflow of labour from abroad
(b) inflow of capital from abroad
(c) inflow of tourists from abroad
(d) all the above

(b) inflow of capital from abroad

Q3. Which of the following contributes to globalisation?

(a) internal trade
(b) external trade
(c) large scale trade
(d) small scale trade

(b) external trade

Q4. Benefits enjoyed by companies who set up production units in the SEZs are:

(a) they do not have to pay taxes for some years
(b) reduction in excise duty
(c) reduced tariffs and barriers
(d) none of the above

(a) they do not have to pay taxes for some years

Q5. Integration of markets means

(a) operating beyond the domestic markets
(b) wider choice of goods
(c) competitive price
(d) all the above

(d) all the above

Q6. Special Economic Zones (SEZ) developed by the Government of India aim

(a) to attract foreign companies to invest in India
(b) to encourage small investors
(c) to encourage regional development
(d) none of the above

(a) to attract foreign companies to invest in India

Q7. Which one of the following is not true regarding the World Trade Organisation?

(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 internaional trade.
(d) WTO rules have forced the developing countries to remove trade barriers.

(a) It allows free trade to all countries without any trade barriers.

Q8. MCQ On Globalisation And The Indian Economy Question 4. Which one of the following Indian indus¬tries has been hit hard by globalisation?

(a) Information Technology (IT)
(b) Toy making
(c) Jute
(d) Cement

(b) Toy making

Q9. MCQ On Globalisation Class 10 Question 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

Q10. MCQ On Globalisation Question 6. 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

(d) World Trade Oraganisation

Q11. Globalisation MCQ Class 10 Question 7. Investments made by MNCs are termed as:

(a) Indigenous investment
(b) Foreign investment
(c) Entrepreneur’s investment
(d) None of the above

(b) Foreign investment

Q12. Class 10 Economics Chapter 4 MCQ With Answers Question 8. 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.

(d) It employs labour only from its own country.

Q13. Globalisation Class 10 MCQ Question 9. Tax on imports is an example of:

(a) Terms of Trade
(b) Collateral
(c) Trade Barriers
(d) ForeignTrade

Q14. MCQ Of Chapter 4 Economics Class 10 Question 10. Which one of the following is not characteristic of‘Special Economic Zone’?

(a) They do not have to pay taxes for long period.
(b) Government has allowed flexibility in labour laws.
(c) They have world class facilities.
(d) They do not have to pay taxes for an initial period of five years.

(a) They do not have to pay taxes for long period.

Q15. Which of the following is a ‘barrier’ on foreign trade?

(a) Tax on import
(b) Quality control
(c) Sales tax
(d) Tax on local trade

(a) Tax on import

Q16. Special Economic Zones (SEZs) are being set up to attract

(a) foreign tourists
(b) foreign investment
(c) foreign goods
(d) foreign policies

(b) foreign investment

Q17. Entry of MNCs in a domestic market may prove harmful for

(a) all large scale producers
(b) all domestic producers
(c) all substandard domestic producers
(d) all small-scale producers

Q18. Ford Motors set up its first plant in India at

(a) Kolkata
(b) Mumbai
(c) Chennai
(d) Delhi

Q19. Which of the following industries have been hard hit by foreign competition?

(a) Dairy products
(b) Leather industry
(c) Cloth industry
(d) Vehicle industry

(a) Dairy products

Q20. 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

Q21. “MNCs keep in mind certain factors before setting up production”. Identify the incorrect option from the choices given below

(a) Availability of cheap skilled and unskilled labour
(b) Proximity to markets
(c) Presence of a large number of local competitors
(d) Favourable government policies

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