This quiz works best with JavaScript enabled. Home > Class 10 > Class 10 Economics Chapter 4 Globalisation And The Indian Economy – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 1 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A SECONDARY Industry is ..... A) An industry that converts raw materials into commodities and products for the consumer. B) An industry that is concerned with obtaining or providing natural raw materials. C) An industry that is concerned with the provision of services. D) An industry concerned with providing information services. Show Answer Correct Answer: A) An industry that converts raw materials into commodities and products for the consumer. 2. SEZ may prove harmful to the farmers whose lands have been acquired and to the small producers. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 3. The most common route for investments by MNCs in countries around the world is to A) Set up new factories. B) Buy existing local companies. C) Form partnerships with local companies. D) None of the above. Show Answer Correct Answer: B) Buy existing local companies. 4. SEZs are related from- A) Export Promotion. B) Education Promotion. C) Health Infrastructure. D) Defence Equipment. Show Answer Correct Answer: A) Export Promotion. 5. 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. Show Answer Correct Answer: D) All small-scale producers. 6. Ford Motors entered the Indian automobile business in collaboration with which Indian manufacturer? A) Mahindra and Mahindra. B) Tata Motors. C) Maruti Suzuki. D) Hindustan Motors. Show Answer Correct Answer: A) Mahindra and Mahindra. 7. In which year did the government decide to remove barriers on foreign trade and investment in India? A) 1990. B) 1980. C) 1991. D) 1999. Show Answer Correct Answer: C) 1991. 8. Removing barriers or restrictions set by the government is what is known as ..... A) Liberalisation. B) Globalisation. C) Socialisation. D) None of the above. Show Answer Correct Answer: A) Liberalisation. 9. Globalization was stimulated by A) Money. B) Transportation. C) Population. D) Computers. Show Answer Correct Answer: B) Transportation. 10. Which among the following are factors that enabled globalisation? A) Improvement in transport technology. B) Development of information and communication technology. C) Liberalisation. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. A PRIMARY Industry is ..... A) An industry that converts raw materials into commodities and products for the consumer. B) An industry that is concerned with obtaining or providing natural raw materials. C) An industry that is concerned with the provision of services. D) An industry concerned with providing information services. Show Answer Correct Answer: B) An industry that is concerned with obtaining or providing natural raw materials. 12. The process of rapid integration or interconnection between countries through free trade, free mobility of capital and labour is called A) Foreign trade. B) Liberalisation. C) Globalisation. D) Privatisation. Show Answer Correct Answer: C) Globalisation. 13. To get large orders, Indian exporters try hard to cut their own costs by A) Reducing cost of raw materials. B) Reducing electricity cost. C) Cutting labour cost. D) All of the above. Show Answer Correct Answer: C) Cutting labour cost. 14. What do developed countries seek from developing countries regarding trade? A) To limit foreign competition. B) To increase tariffs on imports. C) To liberalise trade and investment. D) To restrict foreign investment. Show Answer Correct Answer: C) To liberalise trade and investment. 15. Globalization has largely favored the rich, highly educated and skilled persons of the society. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. The past two decades of globalisation has seen rapid movements in: A) Goods, services and people between countries. B) Goods, services and investments between countries. C) Goods, services, investments and people between countries. D) None of these. Show Answer Correct Answer: C) Goods, services, investments and people between countries. 17. What attracts MNC's? A) Cheap labbour. B) Ready demand for the product. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). 18. MNCs bring with them the latest technology and Investment for production. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. A TERTIARY Industry is ..... A) An industry that converts raw materials into commodities and products for the consumer. B) An industry that is concerned with obtaining or providing natural raw materials. C) An industry that is concerned with the provision of services. D) An industry concerned with providing information services. Show Answer Correct Answer: C) An industry that is concerned with the provision of services. 20. Removing barriers or restrictions set by the government is known as A) Globalisation. B) Privatisation. C) Liberalisation. D) None of the above. Show Answer Correct Answer: C) Liberalisation. 21. 'The impact of Globalisation has not been fair.' Who among the following people have not benefitted from globalisation? A) Well off consumers. B) Skilled and educated producers. C) Small producers and workers. D) Large wealthy producers. Show Answer Correct Answer: C) Small producers and workers. 22. Special Economic Zones (SEZs) are being set up to attract A) Foreign tourists. B) Foreign investment. C) Foreign goods. D) Foreign policies. Show Answer Correct Answer: B) Foreign investment. 23. A commodity, article or service brought in from abroad for sale is known as ..... A) Export. B) Import. C) All the above. D) None of the above. Show Answer Correct Answer: B) Import. 24. ..... refers to exchange of goods, i.e., purchase and sale, across geographical boundaries of the countries. A) Trade. B) Foreign trade. C) Local trade. D) State trade. Show Answer Correct Answer: B) Foreign trade. 25. Globalisation has led to higher standards of living of: A) Well-off consumers. B) Poor consumers. C) Big producers. D) Small producers. Show Answer Correct Answer: A) Well-off consumers. 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