This quiz works best with JavaScript enabled. Home > Class 10 > Class 10 Economics Chapter 4 Globalisation And The Indian Economy – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 10 Economics Chapter 4 Globalisation And The Indian Economy Quiz 6 (19 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which one of the following organisations lay stress on liberalisation of foreign trade and foreign investment? A) International Monetary Fund. B) International Labour Organisation. C) World Health Organisation. D) World Trade Organisation. Show Answer Correct Answer: D) World Trade Organisation. 2. Investment means spending on ..... A) Land. B) Building. C) Machines. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Define trade. A) To bring "merchandise" from a foreign or external source-into a place or country from another country. B) To buy/sell something:exchange something for something else. C) To carry or send-as a commodity-to some other place, such as another country. D) None of the above. Show Answer Correct Answer: B) To buy/sell something:exchange something for something else. 4. 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. 5. Fair Globalisation in WTO is a fight against A) Dissimilarity in interests. B) Domination of developed countries. C) Implementation of tax. D) Developing countries. Show Answer Correct Answer: B) Domination of developed countries. 6. 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. 7. Money that is spent to buy assets such as land, building, machines and other equipments is called ..... A) Export. B) Import. C) Investment. D) Infrastructure. Show Answer Correct Answer: C) Investment. 8. What does globalisation primarily involve? A) Isolation of economies. B) Integration of economies. C) Reduction of trade. D) Increase in tariffs. Show Answer Correct Answer: B) Integration of economies. 9. The industrial zones which are set up to attract the foreign investment are known as ..... A) SIPCOT. B) Industrial Zone. C) Special Economic Zone. D) SISCO. Show Answer Correct Answer: C) Special Economic Zone. 10. 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. 11. A law firm is an example of ..... A) Primary Industry. B) Secondary Industry. C) Tertiary Industry. D) Quaternary Industry. Show Answer Correct Answer: C) Tertiary Industry. 12. ..... 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) Mixed Economy. B) New Economic Policy. C) Closed Economy. D) Globalisation. Show Answer Correct Answer: B) New Economic Policy. 13. 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. 14. This helps to create an opportunity for the producers to reach beyond the domestic market A) Foreign trade. B) Domestic trade. C) Internal trade. D) Trade barrier. Show Answer Correct Answer: A) Foreign trade. 15. Deregulation of Industries is a feature of economic reforms introduce in 1991 in India. A) True. B) False. C) None of these. D) None of the above. Show Answer Correct Answer: A) True. 16. What is the aim of World Trade Organisation (WTO)? A) To promote Health facilities. B) To liberalize International Trade. C) Domestic infrastructure. D) To Increase Literacy. Show Answer Correct Answer: B) To liberalize International Trade. 17. 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. 18. Which organisation supports liberalisation of foreign trade and investments in India? A) International Labour Organisation (ILO). B) World Bank. C) World Trade Organisation (WTO). D) International Monetary Fund (IMF). Show Answer Correct Answer: C) World Trade Organisation (WTO). 19. Which Indian company was bought over by Cargill Foods-a large American MNC? Pick out the name from the alternatives provided A) Amul. B) Fun Foods Ltd. C) Agro Tech Foods Ltd. D) Pairs of Fuds. Show Answer Correct Answer: D) Pairs of Fuds. ← PreviousRelated 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 5Class 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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