Important MCQs Class 10 Economics Chapter 4 Globalization and Indian Economy

Are you a student of class 10th and you are looking for MCQs Class 10 Economics Chapter 4? Because this chapter is very important for the exam. Many questions from this chapter have come in the exam. Because of this, it is very important to know the question and answers of this chapter.

So students, after reading this article, you will get a lot of marks from this chapter in the exam, because the questions related to all the exams have been described in it, so definitely read it completely.

Important MCQs Class 10 Economics Chapter 4 Globalization and Indian Economy

class | Classes10th
CHAPTER | Chapter04
Chapter Name | Chapter NameGlobalization and Indian Economy
board | boardCBSE
book | Books NCERT
subject | SubjectECONOMICS
Medium | Moderate ENGLISH
Study Material | Study MaterialsMCQs

Globalization and the Indian Economy


1. In the last two decades of globalization, rapid movement has been seen in-

(a) Goods, services, and people between countries.

(b) of goods, services, and investments between countries,

(c) of goods, investments, and people between countries,

(d) none of these

2. The most common route of investment by multinational companies in the countries of the world is-

(a) Establishment of new factories,

(b) buying local companies,

(c) partnering with local companies,

(d) none of these

3. Has globalization helped in improving the standard of living?

(a) Of all the people.

(b) Workers of developed countries.

(c) workers of developing countries,

(d) none of these

4 When was the World Trade Organization established?

(a) 1991

(b) 1993

(c) 1992

(d) 1995

5 When did the firm name Ford Motors come to India?

(a) 1991

(b) 1995

(c) 1992

(d) 1985

What is the number of member countries of the World Trade Organisation?

(a) 149,

(b) 250,

(c) 230, 

(d) 140. 

7 Ford Motors Company had planted in its.

(a) Delhi,

(b) Mumbai,

(c) Chennai.

(d) Gujarat.

8 A company that controls its production in more than one country is called ____.

(a) public company,

(b) private company,

(c) MNC,

(d) Internal company.

9 Which organization of the world has put pressure on developing countries for liberalization of trade and investment?

(a) World Trade Organization,

(b) World Bank,

(c) International Monetary Fund,

(d) none of these

10 Who is the world’s largest automobile manufacturer?

(a) Tata Motor

(b) Suzuki Company

(c) Ford Motors,

(d) none of these

11 By whom is the work of preparing the design or picture done?

(a) pager

(b) computer,

(d) none of these

(c) E-banking,

class 10th NotesMCQ
HistoryPolitical Science

12 What is the process of removing barriers or restrictions by the government called?

(a) Nationalism,

(b) liberalization,

(c) Globalization,

(d) Privatization.

13 Which of the following is a barrier to foreign trade?

(a) Sales tax

(b) quality control,

(c) taxes on imports,

(d) Tax on local trade.

14. For whom the entry of multinational companies into the domestic market can be harmful?

(a) large-scale producer,

(b) All small-scale producers,

(c) substandard domestic producers,

(d) All domestic producers.

15 Globalization has been more in favor of which type of countries so far?

(a) developing countries,

(b) Developed countries,

(c) poor country,

(d) none of these

16 Foreign investment is that investment which is made by ____.

(a) the Government of the country,

(b) non-governmental organizations,

(c) private organization sector,

(d) Multinational companies.

17 Which of the following factors gives an opportunity to the producers to trade outside the domestic market?

(a) Information technology,

(b) Universalisation,

(c) Multinational companies investing,

(d) Foreign Direct Investment.

18. The process of interrelationship and rapid integration between different countries is ____.

(a) privatization,

(b) liberalization,

(c) Globalization,

(d) none of these

19. What is trade between two countries called?

(a) International trade,

(b) trade within the country,

(c) local trade,

(d) Foreign trade.

20 ‘Which of the following was the main objective for the formation of the World Trade Organisation?

(a) Liberalization of international trade,

(b) Promotion of trade between rich countries,

(c) promoting trade of poor countries,

(d) Promotion of bilateral trade.

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