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

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

3 / 30

MNC Sundaram Fasteners is related to _____________.

4 / 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 __________.

5 / 30

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

6 / 30

Which one of the following factors has not facilitated globalisation?

7 / 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?

8 / 30

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

9 / 30

Globalisation refers to :

10 / 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.

11 / 30

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

12 / 30

How many member countries of WTO were till 2016?

13 / 30

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

14 / 30

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

15 / 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.

16 / 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.

17 / 30

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

18 / 30

Which type of company operates in more than one country?

19 / 30

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

20 / 30

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

21 / 30

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

22 / 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.

23 / 30

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

24 / 30

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

25 / 30

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

26 / 30

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

27 / 30

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

28 / 30

In which year New Economic Reforms were started in India?

29 / 30

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

30 / 30

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

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