MCQ’s on Globalisation and the Indian Economy for Class 10 Economics | Quiz 1

MCQ’s on Globalisation and the Indian Economy for Class 10 Economics | Quiz 1

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MCQ's on Globalisation and the Indian Economy for Class 10 Economics | Quiz 1

1 / 30

By which of the following, the government can make globalisation more 'fair' for workers?

2 / 30

How can the government of a country play a major role in making globalization fairer?

3 / 30

Which type of company operates in more than one country?

4 / 30

Through which organisation Multinational Corporations have succeeded in entering global markets?

5 / 30

Choose the most appropriate option :
The past two decades of globalisation has seen rapid movements in
(I) Goods, services and investments between countries.
(II) Goods, investments and people between countries.
(III) Goods, services and people between countries.

6 / 30

Which one of the following industries has been hard hit by foreign competition?

7 / 30

Which of the following statements are correct?
I. Globalisation has led to increased flow of capital across countries.
II. Increase inflows of labour across countries has been larger than the increased inflows of capital.
III. MNCs spread their production and work with local producers in various countries across the globe.

8 / 30

Which of the following major factor has stimulated the globalisation process?

9 / 30

China exports a toy to India at Rs. 150, whereas the same toy is manufactured and available in India for Rs. 250. When China continues to export this toy to India, this trade practice is known as __________.

10 / 30

In which year New Economic Reforms were started in India?

11 / 30

Which indigenous Indian company, Cargill Foods, an MNC of the USA has bought over?

12 / 30

The major government initiatives to attract foreign companies to invest in India is:
(a) Flexibility in labour laws
(b) To promote unemployment in the public sector
(c) To build IT sector
(d) All of the above

13 / 30

Which one of the following is not a feature of a Multi-National Company?

14 / 30

Which of the following is not characteristic of ‘Special Economic Zone (SEZ)’?

15 / 30

Ford Motors entered the Indian automobile business in collaboration with which Indian manufacturer?

16 / 30

Removing barriers or restrictions set by the government is known as _____________.

17 / 30

Where is Ford Motors set up its first plant in India?

18 / 30

Which of the following can be considered as Foreign Direct investment made in India?
(a) The TATAs acquire the Corus steel plant abroad.
(b) Mr. Donald, an American citizen, acquires 100 shares of an Indian listed company.
(c) The remittances were sent by an Indian doctor in Dubai back to his hometown in Kerala.
(d) The US multinational Google opens its full-fledged unit at Gurgaon, Haryana.

19 / 30

Suppose Indian Farmers sell wheat at Rs. 50 per kg and the international price of wheat is Rs.40 per kg. What is the minimum rate of import duty the Government of India must impose on imported wheat so that it does not adversely affect Indian farmers in the domestic market?

20 / 30

Which of the following factors has contributed to globalisation?
I. MNCs
II. Closed Economy
III. Information Technology
IV. Elections
V. FOI

21 / 30

Which one of the following factors has not facilitated globalisation?

22 / 30

T he Indian government could also place a limit on the number of goods that can be imported known as __________.

23 / 30

Why US farmers can sell farm products at abnormally low prices in different countries?

24 / 30

Globalisation refers to :

25 / 30

MNC Sundaram Fasteners is related to _____________.

26 / 30

How many member countries of WTO were till 2016?

27 / 30

Around which year did the Indian government decide that the time had come for Indian producers to compete with producers around the globe?

28 / 30

What is happening with the import of Chinese toys in India?

29 / 30

Which of the following international institutions have an unfair way of decision-making on matters of agricultural trade?

30 / 30

Which of the following refers to trade barriers in the context of WTO?
I. Restrictions on domestic trade.
II. Not allowing companies to do foreign trade beyond specific quantities.
III. Restrictions on the export and import of goods.
IV. Restrictions on the price fixed by companies.

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