This quiz works best with JavaScript enabled. Home > Cbse > Class 10 > Economics > Globalisation And The Indian Economy > Class 10 Economics Chapter 4 Globalisation And The Indian Economy – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 3 (24 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is a common reason for MNCs to invest in developing countries? A) Limited market potential. B) High production costs. C) Strict regulations. D) Access to skilled labor. Show Answer Correct Answer: D) Access to skilled labor. 2. Why did the Indian government initially impose barriers to foreign trade? A) To protect domestic producers. B) To enhance foreign investment. C) To promote foreign competition. D) To increase imports. Show Answer Correct Answer: A) To protect domestic producers. 3. Which one is false? A) MNCs acquire small companies to expand production. B) MNCs enter into joint venture to enter into foreign markets. C) MNCS offer subsidy to the small scale industries. D) MNCs set up own production center in foreign countries. Show Answer Correct Answer: C) MNCS offer subsidy to the small scale industries. 4. 'Increase in GNP' is a positive impact of liberalisation A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. Globalisation provides A) Choice of goods and services. B) Competitive price. C) Better quality. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Which one of the following organisations lay stress on liberalisation of foreign trade and foreign investment? A) International Monetary Fund. B) World Trade Organisation. C) International Labour Organisation. D) World Health Organisation. Show Answer Correct Answer: B) World Trade Organisation. 7. Investment means spending on ..... A) Land. B) Building. C) Machines. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. Which steps are treated as trade barriers- A) Decrease in foreign trade. B) Decision regarding what kind of goods imported. C) Decision regarding How much of goods imported. D) All of these. Show Answer Correct Answer: D) All of these. 9. Fair Globalisation in WTO is a fight against A) Implementation of tax. B) Domination of developed countries. C) Developing countries. D) Dissimilarity in interests. Show Answer Correct Answer: B) Domination of developed countries. 10. Globalisation so far has been more in favour of: A) Developed countries. B) Developing countries. C) Poor countries. D) None of the above. Show Answer Correct Answer: A) Developed countries. 11. Money that is spent to buy assets such as land, building, machines and other equipments is called ..... A) Investment. B) Infrastructure. C) Import. D) Export. Show Answer Correct Answer: A) Investment. 12. What does globalisation primarily involve? A) Reduction of trade. B) Integration of economies. C) Increase in tariffs. D) Isolation of economies. Show Answer Correct Answer: B) Integration of economies. 13. The industrial zones which are set up to attract the foreign investment are known as ..... A) Industrial Zone. B) SIPCOT. C) SISCO. D) Special Economic Zone. Show Answer Correct Answer: D) Special Economic Zone. 14. True or False Globalisation is created by TRADE. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 15. A law firm is an example of ..... A) Primary Industry. B) Secondary Industry. C) Quaternary Industry. D) Tertiary Industry. Show Answer Correct Answer: D) Tertiary Industry. 16. ..... refers to all those different economic reforms or policy measures and changes which aim at increasing the productivity and efficiency by creating an environment of competition in the economy. A) New Economic Policy. B) Globalisation. C) Closed Economy. D) Mixed Economy. Show Answer Correct Answer: A) New Economic Policy. 17. Assertion(A):In India, the primary sector is the largest employer.Reason(R):The demand for services has increased enormously. A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true and R is not the correct explanation of A. C) A is true but R is false. D) A is false but R is true. Show Answer Correct Answer: B) Both A and R are true and R is not the correct explanation of A. 18. How has liberalisation of trade policies affected globalisation? A) It has limited foreign investment. B) It has increased tariffs. C) It has made foreign trade easier. D) It has restricted foreign trade. Show Answer Correct Answer: C) It has made foreign trade easier. 19. This helps to create an opportunity for the producers to reach beyond the domestic market A) Internal trade. B) Trade barrier. C) Domestic trade. D) Foreign trade. Show Answer Correct Answer: D) Foreign trade. 20. What is the aim of World Trade Organisation (WTO)? A) To promote Health facilities. B) To liberalize International Trade. C) To Increase Literacy. D) Domestic infrastructure. Show Answer Correct Answer: B) To liberalize International Trade. 21. MNCs do not increase A) Competition. B) Price war. C) Quality. D) None of the above. Show Answer Correct Answer: D) None of the above. 22. Which organisation supports liberalisation of foreign trade and investments in India? A) World Trade Organisation (WTO). B) World Bank. C) International Labour Organisation (ILO). D) International Monetary Fund (IMF). Show Answer Correct Answer: A) World Trade Organisation (WTO). 23. What will happen if the government fails to provide 100 days employment under MGNREGA? A) No extra benefit will be given. B) The officer-in-charge will be punished. C) Unemployment allowance will be given. D) Food grains will be provided. Show Answer Correct Answer: C) Unemployment allowance will be given. 24. Employment figures of a country are based on data collected from 5-yearly survey on employment and unemployment. Which organisation conducts this survey? A) NREGA 2005-National Rural Employment Guarantee Act, 2005. B) NSSO-National Sample Survey Organisation. C) Census of India. D) ILO-International Labour Organisation. Show Answer Correct Answer: B) NSSO-National Sample Survey Organisation. ← PreviousRelated QuizzesEconomics QuizzesClass 10 QuizzesClass 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 1Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 2 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books