This quiz works best with JavaScript enabled. Home > Class 10 > Class 10 Economics Chapter 4 Globalisation And The Indian Economy – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 4 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Ehich benefits enjoyed by a local company in a joint production with a MNC- A) Additional investment. B) Latest technology. C) International market. D) All of these. Show Answer Correct Answer: D) All of these. 2. Rapid integration or interconnection between countries is known as: A) Privatisation. B) Globalisation. C) Liberalisation. D) Socialization. Show Answer Correct Answer: B) Globalisation. 3. Infosys (IT) and TATA Motors (Automobile) are examples of Indian- A) Domestic Companies. B) Local Companies. C) Multi Sectoral Companies. D) Multinational Corporations (MNCs). Show Answer Correct Answer: D) Multinational Corporations (MNCs). 4. Small Scale industries face competition from A) Rising prices. B) Cheap imports. C) Exports. D) Subsidy. Show Answer Correct Answer: B) Cheap imports. 5. A ..... is a company that owns or controls production in more than one nation/country. A) Reliance. B) Microsoft. C) MNC. D) Uni Lever. Show Answer Correct Answer: C) MNC. 6. WTO stands for A) World Tennis Organization. B) World Trade Office. C) World Trade Organization. D) World Trade center. Show Answer Correct Answer: C) World Trade Organization. 7. Globalization has led to a ..... variety of goods. A) Lesser. B) Smaller. C) Wider. D) Restricted. Show Answer Correct Answer: C) Wider. 8. ..... technology has played a major role in spreading out production of services across countries. A) Transport. B) Information and communication. C) All the above. D) None of the above. Show Answer Correct Answer: B) Information and communication. 9. What is one argument against globalisation? A) It promotes sustainable growth. B) It can lead to greater dependence on developed countries. C) It increases competition among producers. D) It enhances consumer choice. Show Answer Correct Answer: B) It can lead to greater dependence on developed countries. 10. Removing Barriers or restrictions from foreign trade is called Privatization of foreign Trade. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 11. What is an example of foreign trade integration? A) Local markets only selling domestic products. B) Consumers choosing between local and foreign goods. C) Reduction in the number of brands available. D) Increased isolation of economies. Show Answer Correct Answer: B) Consumers choosing between local and foreign goods. 12. What do MNCs often do to control production in other countries? A) Ignore local regulations. B) Set up factories in high-cost areas. C) Limit their market reach. D) Form partnerships with local firms. Show Answer Correct Answer: D) Form partnerships with local firms. 13. Cargill is the largest producer of edible oil in India with a capacity to make ..... million pouches daily A) 5. B) 2. C) 3. D) 1. Show Answer Correct Answer: A) 5. 14. Why do MNCs set up offices and factories in more than one nation? A) The cost of production is high and the MNCs can earn profit. B) The cost of production is low and the MNCs undergoes a loss. C) The cost of production is low and the MNCS can earn greater profit. D) The MNCs want to make their presence felt globally. Show Answer Correct Answer: C) The cost of production is low and the MNCS can earn greater profit. 15. Foreign trade connects the markets A) In the country. B) Among neighbouring countries. C) Between two countries. D) In different countries. Show Answer Correct Answer: D) In different countries. 16. Cargill Food's is the largest producer of which of the following in India? A) Medicines. B) Asian Paints. C) Edible oil. D) Garments. Show Answer Correct Answer: C) Edible oil. 17. Which country has affected the toy industry in India adversely? A) China. B) USA. C) Japan. D) Canada. Show Answer Correct Answer: A) China. 18. What is full form Of SEZ A) Security Expert Zone. B) Special Economic Zone. C) Surrounding Extraordinary Zone. D) Secret Export Zone. Show Answer Correct Answer: B) Special Economic Zone. 19. Foreign Trade A) Increases choice of goods. B) Decreases prices of goods. C) Increases competition in the market. D) Decreases earnings. Show Answer Correct Answer: D) Decreases earnings. 20. MNC is a company A) That owns or controls production in more than one nation. B) That owns or controls production in one nation. C) That owns or controls production outside the nation. D) All the above. Show Answer Correct Answer: A) That owns or controls production in more than one nation. 21. 'Increased job opportunities' is an impact of ..... A) Privatisation. B) Globalisation. C) Liberalisation. D) Industrialisation. Show Answer Correct Answer: B) Globalisation. 22. Which of the following industries have been hard hit by foreign competition? A) Dairy products. B) Leather industry. C) Cloth industry. D) Vehicle industry. Show Answer Correct Answer: A) Dairy products. 23. Which one of the following refers to investment? A) The money spent on religious ceremonies. B) The money spent on social customs. C) The money spent to buy assets such as land. D) The money spent on household goods. Show Answer Correct Answer: C) The money spent to buy assets such as land. 24. Integration of markets means A) Wider choice of goods. B) Operating beyond the domestic markets. C) Price of the product tend to become equal. D) All the above. Show Answer Correct Answer: D) All the above. 25. What are the advantages of globalisation? A) Improvement in technology. B) Competition among producers. C) Creation of new job opportunities. D) Availability of international market. E) All of these. Show Answer Correct Answer: E) All of these. ← PreviousNext →Related QuizzesClass 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 1Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 2Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 3Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 5Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 6Class 10 Economics Chapter 1 Development QuizClass 10 Economics Chapter 2 Sectors Of The Indian Economy QuizClass 10 Economics Chapter 3 Money And Credit QuizClass 10 Economics Chapter 5 Consumer Rights QuizClass 10 English Chapter 1 A Letter To God QuizClass 10 English Chapter 10 The Sermon At Benares QuizClass 10 English Chapter 11 The Proposal QuizClass 10 English Chapter 3 Two Stories About Flying QuizClass 10 English Chapter 4 From The Diary Of Anne Frank QuizClass 10 English Chapter 5 And 6 The Hundred Dresses QuizClass 10 English Chapter 7 Glimpses Of India QuizClass 10 English Chapter 8 Mijbil The Otter QuizClass 10 English Chapter 9 Madam Rides The Bus QuizClass 10 English Poem Chapter 1 Dust Of Snow QuizClass 10 English Poem Chapter 10 The Tale Of Custard The Dragon QuizClass 10 English Poem Chapter 11 For Anne Gregory QuizClass 10 English Poem Chapter 2 Fire And Ice QuizClass 10 English Poem Chapter 3 A Tiger In The Zoo QuizClass 10 English Poem Chapter 4 How To Tell Wild Animals QuizClass 10 English Poem Chapter 5 The Ball Poem QuizClass 10 English Poem Chapter 6 Amanda! 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