Class 10 Economics Chapter 4 Mcq with Answers

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Hello students, Class 10 Economics Chapter 4 Mcq with Answers is what we have provided in this article. Class 10 Economics Chapter 4 Mcq with Answers will help candidates to practice for their upcoming exams. Class 10 Economics Chapter 4 Questions and Answers are essential for candidates to practice and solve the paper to get confident about the upcoming exam. Globalisation and The Indian Economy Mcq will not only help you in the exams with time management but also with some of the repeated questions which will help you with the few marks which can lead to extra scores…!!! 

CBSE stands for Central Board of Secondary Education.

It conducts board exams for 10th and 12th standard for students every year.

It 10th Standard have 5 subjects English, Math, Social Science, Hindi, and Science.

Class 10 Economics Chapter 4 Questions and Answers

Class 10 Economics Chapter 4 Mcq with Answers

1) Globalisation shall result in
a) Lesser competition among producers.
b) Greater competition among producers
c) No change in competition among producers.
d) Destruction of large scale production units.

Correct!

Wrong!

2) The complete form of MNC is
a) Main National Company.
b) Multinational Corporation.
c) Multi-National Corporation.
d) Multinational Company.

Correct!

Wrong!

3) Which of the following is a major benefit of a joint production between a local company and a multinational company?
a) MNC can control an increase in price.
b)MNC can buy a local company..
c) MNC can sell the product under their brand name.
d) MNC can bring the latest technology in production.

Correct!

Wrong!

4) MNCs are mainly selling
a) Finished products.
b) Goods and services.
c) Services only.
d) Both (a) and (b)

Correct!

Wrong!

5) Investment by

1Call ended
a) Mutual investor
b) Inter-government investment.
c) Portfolio Investment.
d) Foreign investment.

Correct!

Wrong!

6) Which among the following is not true regarding the WTO?

1) It allows free trade to all countries without any barriers.

2) Its aim is to liberalise international trade. 

3) It establishes rules regarding international trade.

4) WTO rules have forced developing countries to remove trade barriers.
a) 1 & 3 are correct.
b) 1 & 2 are correct.
c) 1 is correct.

Correct!

Wrong!

7) MNCs set up offices in different nations to get
a) Skilled labour and good consumer market.
b) Cheap labour and a good consumer market.
c) Skilled labour and cheap raw materials.
d) Cheap labour and raw materials

Correct!

Wrong!

8) Which one of the following categories refers to investment?
a) The money that is spent to buy assets such as land, building, machines etc.
b) The money that is spent on religious ceremonies.
c) The money that is spent on social customs.
d) The money that is spent on household goods.

Correct!

Wrong!

9) By 2006 how many countries were the members of WTO?
a) 139
b) 149
c) 159
d) 179

Correct!

Wrong!

10) When did India enter into liberalism?
a) 1985
b) 1991
c) 1999
d) 2005

Correct!

Wrong!

11) Call centres are also known as
a) BPO
b) ILO
c) WTO.
d) None of the above.

Correct!

Wrong!

12) Removing barriers or restrictions set by the government is known as
a) Privatisation.
b) Liberalisation.
c) Globalisation.
d) Socialisation.

Correct!

Wrong!

13) WTO is dominated by countries like
a) US and UK
b) Japan & Germany.
c) India & China.
d) India and U.S

Correct!

Wrong!

14) Which one in the following is a far-reaching change in the policy made in India in 1991?
a) Put barriers to foreign trade & foreign investments.
b) Restrictions set by the government to protect the producers within the country from foreign competition.
c) By giving protection to domestic producers through a variety of means.
d) Removing barriers or restrictions set by the government, which is known as liberalization.

Correct!

Wrong!

15) Which of the following is not the outcome of globalisation to the customers
a) A greater choice is available to the customer.
b) Prices of goods are lower.
c) Quality of goods is now improved.
d) Bargaining power of customers improved.

Correct!

Wrong!

16) BPO means
a) Business Performing Organisation.
b) Business Portfolio Organisation.
c) Business and Product relation Office.
d) Best Performing Organisation.

Correct!

Wrong!

17) Which of the following is not a Multination’s company?
a) Tata motors.
b) Infosys IT.
c) Ranbaxy.
d) TISCO

Correct!

Wrong!

18) Cargill foods are
a) A vitamin-enriched food.
b) US-based MNC.
c) UK based MNC.
d) Indian MNC on food products.

Correct!

Wrong!

19) Which of the following is an example of a trade barrier?
a) Tax on export.
b) Tax on imports.
c) Tax on local trade.
d) High-income tax.

Correct!

Wrong!

20) Globalisation has posed major challenges for
a) Big producers.
b) Small producers.
c) Rural poor.
d) Urban poor.

Correct!

Wrong!

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Economics Ch-4: Globalization & the Indian Economy

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“I do not know anyone who has got to the top without hard work. That is the recipe. It will not always get you to the top, but it should get you pretty near.”

Globalization and The Indian Economy Mcq

Class 10 Economics Chapter 4 Pdf (Download)

1) How Many Chapters are there in CBSE Class 10 social science Subject?

Answer: Civics consists of 4 chapters.
Term 1 consists of chapter 1 (Power-sharing) and chapter 2 (Federalism)
Term 2 consists of chapter 6 (Political parties) and chapter 7 (Outcomes of democracy)

Economics consists of 4 chapters
Term 1 consists of chapter 1 (Development ) and chapter 2 (Sectors of the Indian Economy)
Term 2 consists of chapter 3 (Money and Credit) and chapter 4 (Globalization and the Indian Economy)

Geography consists of 6 chapters
Term 1 consists of chapter 1 (Resources and Development), chapter 3 ( Water Resources) and chapter 4 (Agriculture)
Term 2 consists of chapter 5 (Minerals and Energy Resources), chapter 6 (Manufacturing Industries) and chapter 7 (Life Lines of National Economy)

History consists of 4
Term 1 consists of chapter 1 (The Rise of Nationalism in Europe)
Term 2 consists of chapter 2 (. Nationalism in India), chapter 3 ( The Making of a Global World) and chapter 4 (. The Age of Industrialization)

2) Number of Chapters in CBSE Class 10 Civics Subject?

Answer: Civics subject has 4 chapters divided into two terms.

3) How are Internal Marks Divided in Social Science Class 10 CBSE Board?

Answer: Periodic Assessment  10 Marks 
Portfolio  5 Marks 
Subject Enrichment Activity  5 Marks 

4) What Comes Under Periodic Assessment

Answer:  Periodic Assessment Consist of 10 Marks Equally divided in:
Pen Paper Test 
Assessment using multiple strategies For example, Quiz, Debate, Role Play, Viva, Group Discussion, Visual Expression, Interactive Bulletin Boards, Gallery Walks, Exit Cards, Concept Maps, Peer Assessment, Self Assessment, etc.

5) What is Portfolio in CBSE Board INTERNAL ASSESSMENT

Answer: 
Classwork and Assignments  
Any exemplary work done by the student  
Reflections, Narrations, Journals, etc.  
Achievements of the student in the subject throughout the year  
Participation of the student in different activities like Heritage India Quiz 

6) What is Subject Enrichment Activity In Cbse Class 10 Social Science Internal Exams?

Answer: In this Activity Every student has to compulsorily undertake any one project on the following topics: 
Consumer Awareness
Social Issues 
Sustainable Development.

7) What is the Total Weightage of Civics in Class 10 Cbse Social Science Subject?

Answer: Class 10 CBSE Social Science Carries 100 Marks (Theory 80 + Practical 20) Out of Which 20 Marks are allotted to Civics. 

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