CBSE MCQ Questions for Class 10 Social Science Globalisation and the Indian Economy
CBSE Globalisation and the Indian Economy Multiple-choice Questions (MCQs) will help students to study the topics related to Globalisation and the Indian Economy. It is an important chapter in the syllabus of Class 10 Social Science. Solving the Globalisation and the Indian Economy MCQ Questions, in addition to referring to the CBSE Notes for Class 10 Social Science, will help students to understand the chapters in a comprehensive manner and prepare well for the board examination.
Students must solve MCQ Questions and CBSE Class 10 Social Science Sample Papers to understand their level of preparation. Globalisation and the Indian Economy MCQs given below will help students to revise and recollect the important concepts and points related to topics such as production across countries, multinational companies, interlinking production across countries, foreign trade, integration of markets, globalisation, factors that have enabled globalisation, liberalisation of foreign trade and foreign investment policy, trade barriers, World Trade Organisation, the impact of globalisation in India, and the struggle for fair globalisation.
Apart from the MCQs given below, students are recommended to access MCQ Questions and Answers for Class 10 Social Science to get the complete list of MCQs for all the chapters of Class 10 Social Science subjects, History, Geography, Political Science and Economics.
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1) Which of the following statements are true about MNCs?
a) A MNC is a company that owns or controls production in more than one nation.
b) MNCs set up offices and factories for production in regions where they can get cheap labour and other resources.
c) This is done so that the cost of production is low and the MNCs can earn greater profits.
d) All of the above.
Answer: Option (d)
2) The MNC not only sell its finished products globally but, more importantly, the goods and services are produced globally. State whether true or false.
a) False
b) True
Answer: Option (b)
3) ___________ provides the advantage of being a cheap manufacturing location.
a) China
b) Japan
c) South Korea
d) None of the above
Answer: Option (a)
4) Cargill Foods, a very large ________ MNC, is the largest producer of edible oil in India, with a capacity to make 5 million pouches daily.
a) Dutch
b) French
c) British
d) American
Answer: Option (d)
5) __________, footwear, and sports items are examples of industries where production is carried out by a large number of small producers around the world.
a) Confectionery
b) Garments
c) Petroleum products
d) None of the above
Answer: Option (b)
6) __________, an American company, is one of the world’s largest automobile manufacturers, with production spread over 26 countries of the world.
a) Ford Motors
b) Porsche
c) Audi
d) None of the above
Answer: Option (a)
7) The products are supplied to the MNCs, which then sell them under their own brand names to the customers. These large MNCs have tremendous power to determine the _____.
a) Price
b) Quality
c) Labour conditions for these distant producers
d) All of the above
Answer: Option (d)
8) Ford Motors came to India in _______ and spent Rs. 1700 crore to set up a large plant near Chennai.
a) 1995
b) 1999
c) 1990
d) 1998
Answer: Option (a)
9) When Ford established its manufacturing plant in India, it collaborated with _______.
a) Hero Motors
b) Maruti Suzuki
c) Tata Motors
d) Mahindra & Mahindra
Answer: Option (d)
10) Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico and _______.
a) Brazil
b) Argentina
c) Chile
d) None of the above
Answer: Option (a)
11) Chinese toys have become more popular in the Indian markets. Within a year, ___________ of the toy shops have replaced Indian toys with Chinese toys.
a) 50 to 60 per cent
b) 80 to 90 per cent
c) 100 per cent
d) 70 to 80 per cent
Answer: Option (d)
12) Which of the following is true regarding the opening of trade?
a) Choice of goods in the markets rises.
b) Producers in the two countries now closely compete against each other even though they are separated by thousands of miles.
c) Foreign trade thus results in connecting the markets or integration of markets in different countries.
d) All of the above.
Answer: Option (d)
13) Globalisation is a process of slow integration or interconnection between countries. State whether true or false.
a) False
b) True
Answer: Option (a)
14) _________ have led to a huge reduction in port handling costs and increased the speed with which exports can reach markets.
a) Containers
b) Cranes
c) Elevators
d) None of the above
Answer: Option (a)
15) The cost of _______has fallen. This has enabled much greater volumes of goods being transported by _______.
a) Air transport, airlines
b) Road transport, four wheelers
c) Rail transport, railways
d) None of the above
Answer: Option (a)
16) Governments can use trade barriers to increase or decrease (regulate) foreign trade and to decide what kinds of goods and how much of each should come into the country. State whether true or false.
a) True
b) False
Answer: Option (a)
17) Removing barriers or restrictions set by the government is known as _____.
a) Globalisation
b) Disinvestment
c) Privatisation
d) Liberalisation
Answer: Option (d)
18) Starting around ________, some far-reaching changes in policy were made in India. The government decided that the time had come for Indian producers to compete with producers around the globe.
a) 2011
b) 2001
c) 1991
d) 1981
Answer: Option (c)
19) Nearly _________ countries of the world are members of the WTO as of June 2014.
a) 50
b) 100
c) 160
d) 200
Answer: Option (c)
20) Started at the initiative of the ________, WTO establishes rules regarding international trade and sees that these rules are obeyed.
a) Middle-income countries
b) Poor countries
c) Developing countries
d) Developed countries
Answer: Option (d)
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