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Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 3 (25 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. How do MNCs typically set up production in other countries?

Correct Answer: A) By forming partnerships with local companies.

2. Indian Government put barrier to foreign trade and investment after independence to save domestic producers.

Correct Answer: A) True.

3. What is a characteristic of the impact of globalisation?

Correct Answer: B) Benefits primarily for skilled individuals.

4. What is the main motive behind the investment of MNCs?

Correct Answer: A) The main motive is to increase their assets and earn profit.

5. Production of services across countries has been facilitated by

Correct Answer: D) Information and communication technology.

6. When goods travel from one market to another, the prices of similar goods in the two marketstend to become-

Correct Answer: C) Equal.

7. "MNCs keep in mind certain factors before setting up production" . Identify the incorrect option from the choices given below

Correct Answer: D) Presence of a large number of local competitors.

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

Correct Answer: C) Chennai.

9. What is one benefit of flexibility in labour laws for companies?

Correct Answer: D) Ability to negotiate wages.

10. When did the government remove the barriers for investment and investment in India?

Correct Answer: B) 1991.

11. MNC stands for

Correct Answer: A) Multinational Corporation.

12. Tax on imports is an example of

Correct Answer: C) Trade barriers.

13. Which of the following is an example of Trade Barrier?

Correct Answer: D) All of the above.

14. Globalisation, by connecting countries, shall result in

Correct Answer: B) Greater competition among producers.

15. What are the positive impact of Liberalisation?

Correct Answer: E) All of these.

16. Which one of the following is not characteristic of'Special Economic Zone'?

Correct Answer: A) They do not have to pay taxes for long period.

17. International trade is an important part of globalisation because .....

Correct Answer: D) All of the responses.

18. Globalisation is the .....

Correct Answer: B) Process by which the world is becoming increasingly interconnected.

19. Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?

Correct Answer: D) World Trade Organisation.

20. Which one of the following is not characteristic of' Special Economic Zone'?

Correct Answer: A) They do not have to pay taxes at all.

21. A company that owns or controls production in more than one nation is called:

Correct Answer: A) Multinational corporation.

22. Process of integration of different countries is called

Correct Answer: C) Globalization.

23. What is the main motive behind the investments of MNCs?

Correct Answer: A) The main motive is to increase their assets and earn profits.

24. Which Indian company was bought over by Cargill Foods-a large American MNC?

Correct Answer: D) Parakh Foods.

25. Indian government felt the need for removing barriers on foreign trade and foreign investment in .....

Correct Answer: B) 1991.

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