MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers
1. Which one of the following organisations lay stress on liberalisation of foreign trade and foreign investment?
2. Removing barriers or restrictions set by the government is known as
3. Which one of the following refers to investment?
4. Which of the following is a ‘barrier’ on foreign trade?
5. Special Economic Zones (SEZs) are being set up to attract
6. Entry of MNCs in a domestic market may prove harmful for
7. Ford Motors set up its first plant in India at
8. Which of the following industries have been hard hit by foreign competition?
9. In which year did the government decide to remove barriers on foreign trade and investment in India?
10. “MNCs keep in mind certain factors before setting up production”. Identify the incorrect option from the choices given below
11. Why do MNCs set up offices and factories in more than one nation ?
12. The most common route for investments by MNCs in countries around the world is to:
13. Removing barriers or restrictions set by the government is known as :
14. Entry of MNCs in a domestic market may prove harmful for:
15. Which one of the following has benefited least because of globalisation in India?
16. Which one of the following is a major benefit of joint production between a local company and a Multi-National Company?
17. Which one of the following is not true regarding the World Trade Organisation?
18. Which of the following statements are true about MNCs?
19. Started at the initiative of the ____, WTO establishes rules regarding international trade, and sees that these rules are obeyed.
20. _____ provides the advantage of being a cheap manufacturing location.
21. Cargill Foods, a very large ____ MNC, is the largest producer of edible oil in India, with a capacity to make 5 million pouches daily.
22. ____, footwear, sports items are examples of industries where production is carried out by a large number of small producers around the world.
23. ____, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world.
24. The products are supplied to the MNCs, which then sell these under their own brand names to the customers. These large MNCs have tremendous power to determine the ___.
25. Ford Motors came to India in ___ and spent Rs. 1700 crore to set up a large plant near Chennai.
26. When Ford established its manufacturing plant in India, it had collaborated with ___.
27. Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico and ___.
28. Chinese toys have become more popular in the Indian markets. Within a year, _____ of the toy shops have replaced Indian toys with Chinese toys.
29. Which of the following is true regarding the opening of trade?
30. 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.
31. ___ have led to huge reduction in port handling costs and increased the speed with which exports can reach markets.
32. The cost of __has fallen. This has enabled much greater volumes of goods being transported by ____.
33. Nearly ___ countries of the world are members of the WTO, as of June 2014.
34. Removing barriers or restrictions set by the government is known as ___.
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