Globalisation and the Indian Economy Class 10 - MCQ

 Globalisation and the Indian Economy Class 10 - MCQ

Globalisation and the Indian Economy – Class 10 MCQ questions  assess understanding of MNCs, foreign trade, liberalisation, and technological advancements. These objective-type questions test students on integration of markets, role of IT, policy changes since 1991, and factors enabling globalisation, helping reinforce key concepts from the NCERT curriculum effectively.

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Q1. Consider the following statements about MNCs:

1. They own or control production in more than one country.
2. They only invest in developed countries.
3. MNCs contribute to globalization.

 Which of the above statements are correct?
 A. 1 and 2
 B. 1 and 3
 C. 2 and 3
 D. All of the above

Q2. Assertion (A): MNCs seek cost-effective locations for production.

Reason (R): This helps them maximize profits and reduce operational costs.

A. Both A and R are true and R is the correct explanation of A.

B. Both A and R are true but R is not the correct explanation of A.

C. A is true but R is false.

D. A is false but R is true.

Q3. Identify the incorrect statement:

A. MNCs only engage in the export of goods.

B. Globalization involves flow of technology and investment.

C. The internet allows for instant communication globally.

D. Air transport has reduced the cost of moving goods.

Q4. Match the following technologies with their impact:

Column A	Column B
A. Container Shipping	1. Lower air transport cost
B. Internet	2. Instant global communication
C. Air Transport	3. Reduces port handling time
D. Telecommunication	4. Facilitates instructions

Options:

A. A–3, B–2, C–1, D–4

B. A–1, B–4, C–2, D–3

C. A–3, B–4, C–1, D–2

D. A–2, B–3, C–4, D–1

Q5. Assertion (A): The Indian government removed trade barriers in the 1990s.

Reason (R): This was done to protect Indian industries from foreign competition.

A. Both A and R are true and R is the correct explanation.

B. Both A and R are true but R is not the correct explanation.

C. A is true but R is false.

D. A is false but R is true.

Q6. Which of the following are factors enabling globalization?

1. Improved transportation
2. Internet and communication technologies
3. Increase in import taxes
4. Containerization

Choose the correct answer given below.
 A. 1, 2 and 4
 B. 1, 2 and 3
 C. 2, 3 and 4
 D. All of the above

Q7. Assertion (A): Foreign investment is important in globalization.

Reason (R): It integrates local economies with global markets.

A. Both A and R are true and R is the correct explanation.

B. Both A and R are true but R is not the correct explanation.

C. A is true but R is false.

D. A is false but R is true.

Q8. Which statement is not true about the 1991 economic reforms?

A. India increased import taxes to promote domestic industries.

B. Foreign companies were allowed to set up offices in India.

C. The reforms were supported by World Bank and IMF.

D. The government encouraged competition to improve quality.

Q9. Match the developments with their effects:

Column A	Column B
A. Liberalisation	1. Encouraged foreign competition
B. Globalization	2. Greater integration of markets
C. Technological Advances	3. Improved communication speed
D. Trade Barriers	4. Reduced imports of foreign goods

Options:

A. A–1, B–2, C–3, D–4

B. A–4, B–1, C–2, D–3

C. A–2, B–3, C–1, D–4

D. A–1, B–3, C–2, D–4

Q10. Which of the following are roles played by MNCs in globalization?

1. Investment in other countries
2. Transfer of technology
3. Increasing trade barriers
4. Integration of production across countries

Choose the correct answer given below.
 A. 1, 2 and 4
 B. 1 and 3
 C. 2 and 3
 D. All of the above

Q11. Assertion (A): The internet plays a major role in globalization.

Reason (R): It increases the time taken for communication between countries.

A. Both A and R are true and R is the correct explanation.

B. Both A and R are true but R is not the correct explanation.

C. A is true but R is false.

D. A is false but R is true.

Q12. Choose the incorrect statement:

A. Globalization reduces global interdependence.

B. Containerization improves export efficiency.

C. MNCs invest in countries with lower production costs.

D. Globalization facilitates the flow of goods and services.

Q13. Match the organisation with its role:

Column A	Column B
A. IMF	1. Provides international financial support
B. World Bank	2. Helps fund development projects
C. G-20	3. Promotes global economic stability
D. WTO	4. Oversees international trade rules

Options:

A. A–1, B–2, C–3, D–4

B. A–2, B–1, C–3, D–4

C. A–1, B–4, C–2, D–3

D. A–3, B–2, C–1, D–4

Q14. What are effects of liberalisation in India?

1. Increased foreign investment
2. Decreased competition
3. Greater access to foreign goods
4. Withdrawal of MNCs

Choose the correct answer given below.
 A. 1 and 3
 B. 2 and 4
 C. 1, 2 and 3
 D. All of the above

Q15. Assertion (A): Indian producers were initially protected after independence.

Reason (R): They were strong enough to face foreign competition.

A. Both A and R are true and R is the correct explanation.

B. Both A and R are true but R is not the correct explanation.

C. A is true but R is false.

D. A is false but R is true.

Q16. Identify the incorrect pair:

A. Container shipping – Efficient cargo transport

B. MNCs – Promote only local trade

C. Liberalisation – Fewer government restrictions

D. IT – Instant communication

Q17. Match the example with the concept:

Column A	Column B
A. Ford Motors India	1. Global supply chain
B. London magazine Delhi	2. Role of IT in globalization
C. Air transport of goods	3. Low-cost global delivery
D. Online money transfer	4. Instant financial transaction

Options:

A. A–1, B–2, C–3, D–4

B. A–2, B–1, C–3, D–4

C. A–3, B–4, C–2, D–1

D. A–4, B–1, C–2, D–3

Q18. Which of the following are results of improved transportation?

1. Faster delivery of goods
2. Reduced cost of trade
3. Increased trade barriers
4. Better global connectivity

Choose the correct answers given below.
 A. 1, 2 and 4
 B. 1 and 3
 C. 2 and 3
 D. All of the above

Q19. Assertion (A): Globalization has increased job opportunities in developing countries.

Reason (R): MNCs outsource services and production to these regions.

A. Both A and R are true and R is the correct explanation.

B. Both A and R are true but R is not the correct explanation.

C. A is true but R is false.

D. A is false but R is true.

Q20. Identify the incorrect impact of globalization:

A. Decrease in cultural exchange

B. Rise in foreign direct investment

C. Integration of world economies

D. Use of IT in global communication