This quiz works best with JavaScript enabled. Home > Class 10 > Class 10 Economics Chapter 4 Globalisation And The Indian Economy – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 5 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Fisheries is an example of ..... A) Primary Industry. B) Secondary Industry. C) Tertiary Industry. D) Quaternary Industry. Show Answer Correct Answer: A) Primary Industry. 2. Large companies that have their presence in more than on country are called ..... A) Large National Companies. B) Multi National Corporations. C) Multi International Companies. D) None of the above. Show Answer Correct Answer: B) Multi National Corporations. 3. In developing countries like Nepal and Nigeria, which sector do most people work in? A) Primary Sector. B) Secondary Sector. C) Tertiary Sector. D) Quaternary. Show Answer Correct Answer: A) Primary Sector. 4. In developed countries like the USA and Australia, which sector do most people work in? A) Primary Sector. B) Secondary Sector. C) Tertiary Sector. D) Quaternary. Show Answer Correct Answer: C) Tertiary Sector. 5. The main objective of World Trade Organisation is to ..... A) No restrictions on import or export. B) Allow meeting of producers and consumers. C) Create environment suitable for trade. D) None of the above. Show Answer Correct Answer: A) No restrictions on import or export. 6. What has been a negative impact of globalisation in India? A) Improved quality of goods. B) Greater consumer choice. C) Widening income inequalities. D) Increased job opportunities. Show Answer Correct Answer: C) Widening income inequalities. 7. Which of the following is a 'barrier' on foreign trade? A) Tax on import. B) Quality control. C) Sales tax. D) Tax on local trade. Show Answer Correct Answer: A) Tax on import. 8. In which year Indian Government announced New Economic Policy (NEP) A) 1991. B) 2001. C) 2011. D) 1981. Show Answer Correct Answer: A) 1991. 9. Cargill Foods, an MNC has bought over which indigenous Indian company? A) Amul. B) Britannia. C) Foods pairs. D) Dabur. Show Answer Correct Answer: C) Foods pairs. 10. What is happening with the import of Chinese toys in India? A) Indian toys are selling more. B) Indian consumers are buying less. C) Indian consumers are getting more choice at cheaper rates. D) Chinese consumers are falling short of choice. Show Answer Correct Answer: C) Indian consumers are getting more choice at cheaper rates. 11. What has increased in India due to globalisation? A) Limited access to foreign goods. B) Greater choice of goods for consumers. C) Decreased foreign investment. D) Reduction in trade volume. Show Answer Correct Answer: B) Greater choice of goods for consumers. 12. Globalisation has been of advantage to A) All the people. B) The poorer section of the society. C) The richer section of the society. D) None of the above. Show Answer Correct Answer: C) The richer section of the society. 13. The main aim of World Trade Organisation is ..... A) To liberalise international trade. B) To increase the export. C) To increase the import. D) To increase the unity between the countries. Show Answer Correct Answer: A) To liberalise international trade. 14. Heavy Tax on imports is an example of: A) Terms of Trade. B) Collateral. C) Trade Barriers. D) ForeignTrade. Show Answer Correct Answer: C) Trade Barriers. 15. The most common way to control production by MNCs is A) Set up production with the local company. B) Buy the local company. C) Place order for production with small producers. D) Compete with the local company. Show Answer Correct Answer: B) Buy the local company. 16. In 1991 Government of India adopted New Economic Policy and remove barriers on foreign trade and investment. A) False. B) True. C) None of these. D) None of the above. Show Answer Correct Answer: B) True. 17. Which one of the following is not true regarding the World Trade Organisation? A) Its aim is to liberalise international trade. B) WTO rules have forced the developing countries to remove trade barriers. C) It establishes rules regarding international trade. D) It allows free trade to all countries without any trade barriers. Show Answer Correct Answer: D) It allows free trade to all countries without any trade barriers. 18. The main reason behind MNCs investments are A) To benefit foreign countries. B) To provide financial support to the country's government. C) For the welfare of underprivileged people. D) To increase the assets and earn profits. Show Answer Correct Answer: D) To increase the assets and earn profits. 19. What is a common reason for MNCs to invest in developing countries? A) High production costs. B) Access to skilled labor. C) Strict regulations. D) Limited market potential. Show Answer Correct Answer: B) Access to skilled labor. 20. Why did the Indian government initially impose barriers to foreign trade? A) To protect domestic producers. B) To enhance foreign investment. C) To increase imports. D) To promote foreign competition. Show Answer Correct Answer: A) To protect domestic producers. 21. 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. 22. SEZ stands for A) Special Economic Package. B) Special Economic Zone. C) Special Ecology Zone. D) None of the above. Show Answer Correct Answer: B) Special Economic Zone. 23. '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. 24. 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. 25. Which of the following organisations lays stress on the liberalisation of foreign trade and foreign investment? A) World Health Organization (WHO). B) WorldTrade Organisation (WTO). C) International Labour Organisation (ILO). D) All of these. Show Answer Correct Answer: B) WorldTrade Organisation (WTO). ← 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 4Class 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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