Practise MCQs from the Chapter Globalisation and Indian Economy NCERT Economics Class 10 CBSE. The MCQs are updated with time so keep visiting here to practise more with new MCQs.
MCQs – Globalisation and Indian economy
Q, Investment by MNCs in countries other than their country of origin is known as _________ .
- International investment
- Domestic investment
- Foreign investment
Q. Through which three ways do multinational corporations (MNCs) spread their production and influence local producers around the globe?
- Intimidating local producers
- Exploiting local resources
- By sourcing supplies from local companies
- Competing with local companies
- By forming partnerships with local companies
Q. What is globalisation?
- Importing goods from one country to another
- Travelling from one country to another
- Exporting goods from one country to another
- Integration of economic activity across the world
Q. In which way can buyers expand their choice of goods beyond what is domestically produced?
- By importing goods produced in another country
- By exporting goods to another country
- By producing goods in one’s native country
- By adopting import substitution
Q. What is the benefit of foreign trade?
- Creates an opportunity for producers to reach out to new domestic markets
- Creates an opportunity for producers to exchange goods with each other
- Gives producers an opportunity to reach beyond domestic markets
- Gives exporters an opportunity to import goods
Q. Which of the following statements is untrue with regards to foreign trade?
- Producers get an opportunity to reach out to new domestic markets.
- Buyers get an expanded choice of goods.
- Prices of similar goods in two markets tend to become equal.
- Producers in two countries closely compete against each other.
Q. What of the following is an example of trade barrier?
- A tax imposed on luxury goods
- A tax imposed on polluting industries
- Limit on the number of goods that can be imported
- Limit on the number of goods that can be produced domestically
Q. Why are special economic zones (SEZs) established in India?
- To empower the underprivileged
- To encourage native businesses
- To decrease unemployment
- To attract foreign investment
Q. Which of the following statements is true with regards to the impact of globalisation among producers and workers?
- Among producers and workers, the impact of globalisation has not been uniform.
- Among producers and workers, the impact of globalisation has been uniform.
- Among producers and workers, the impact of globalisation has always been positive.
- Among producers and workers, the impact of globalisation has always been negative.
Q. A group of companies in India wishes to import high quality ACs from South Korea but have to pay a huge import tax on them which would make the ACs very expensive leading to low sales. Ascertain the role of the import tax in this situation.
- Trade financing
- Trade facilitation
- Trade abolishment
- Trade barrier