Globalisation and the Indian Economy: Class 10 Important Questions with Answers

14 MCQs

1. An MNC owns or controls production in
   (a) one state (b) more than one nation (c) one city (d) only India
2. Cargill Foods bought
   (a) Amul (b) Parakh Foods (c) Dabur (d) Britannia
3. Ford set up its plant in India near
   (a) Pune (b) Chennai (c) Gurugram (d) Kolkata
4. Ford's Indian partner was
   (a) Tata (b) Mahindra and Mahindra (c) Maruti (d) Bajaj
5. Toy shops that replaced Indian toys with Chinese ones
   (a) 20–30% (b) 50% (c) 70–80% (d) 100%
6. Containers reduced
   (a) port handling costs (b) taxes (c) wages (d) quotas
7. A tax on imports is an example of
   (a) liberalisation (b) trade barrier (c) investment (d) quota only
8. India's major liberalisation began around
   (a) 1947 (b) 1971 (c) 1991 (d) 2001
9. WTO was started at the initiative of
   (a) developing countries (b) developed countries (c) UNO (d) India
10. Members of WTO about
    (a) 60 (b) 100 (c) 160 (d) 193
11. Share of agriculture in US employment
    (a) 0.5% (b) 1% (c) 10% (d) 20%
12. Companies in SEZs pay no taxes for
    (a) 1 year (b) 3 years (c) 5 years (d) 10 years
13. Ravi's capacitor unit was in
    (a) Hosur (b) Ludhiana (c) Delhi (d) Surat
14. An Indian company that became an MNC
    (a) Parakh Foods (b) Infosys (c) Cargill (d) Ford

1 (b) · 2 (b) · 3 (b) · 4 (b) · 5 (c) · 6 (a) · 7 (b) · 8 (c) · 9 (b) · 10 (c) · 11 (a) · 12 (c) · 13 (a) · 14 (b)

Assertion–Reason (4)

(a) Both true, R explains A. (b) Both true, R does not explain A. (c) A true, R false. (d) A false, R true.

1. A: India put barriers on foreign trade after Independence. R: Its young industries needed protection from foreign competition.
2. A: Movement of people between countries has increased greatly. R: People move for better income, jobs or education.
3. A: Developing countries call WTO rules unfair. R: Developed countries retained barriers and subsidies.
4. A: Globalisation benefited all workers equally. R: Employers now hire workers flexibly.

Key: 1 (a) · 2 (d) · 3 (a) · 4 (d)