NCERT Book Class 10th Economics (MCQ)
Chapter 4 : Globalisation and the Indian Economy
MCQs on Globalisation and the Indian Economy
1. Globalization means:
a) Only exchange of goods
b) Economic, social, and political integration among countries
c) Only exchange of technology
d) Only foreign investment
Answer: b) Economic, social, and political integration among countries
2. The main factor promoting globalization is:
a) Local trade
b) Development in technology
c) Only government policies
d) Only banking systems
Answer: b) Development in technology
3. The full form of MNC is:
a) Multi-National Company
b) Multi-National Corporation
c) Multi-National Cooperative
d) Multi-National Council
Answer: b) Multi-National Corporation
4. Why do MNCs set up production in other countries?
a) For cheap labor and resources
b) Only for government support
c) Only for technological facilities
d) Only for tourism
Answer: a) For cheap labor and resources
5. In which year did globalization begin in India?
a) 1947
b) 1991
c) 2000
d) 1980
Answer: b) 1991
6. Which policy was adopted in India during globalization?
a) Liberalization
b) Nationalization
c) Communism
d) Feudalism
Answer: a) Liberalization
7. What is meant by foreign trade?
a) Exchange of goods and services between two countries
b) Only imports
c) Only exports
d) Trade in the local market
Answer: a) Exchange of goods and services between two countries
8. A negative effect of globalization is:
a) Increase in employment
b) Pressure on small industries
c) Development of technology
d) Increase in foreign investment
Answer: b) Pressure on small industries
9. The full form of SEZ is:
a) Special Economic Zone
b) Special Export Zone
c) Special Employment Zone
d) Special Enterprise Zone
Answer: a) Special Economic Zone
10. The purpose of establishing SEZs in India is:
a) To attract foreign investment
b) Only to provide employment to government employees
c) Only to promote agriculture
d) Only to support local industries
Answer: a) To attract foreign investment
11. Due to globalization, which sector has grown in India?
a) IT and service sector
b) Only agriculture
c) Only traditional industries
d) Only government jobs
Answer: a) IT and service sector
12. When was the World Trade Organization (WTO) established?
a) 1945
b) 1995
c) 2001
d) 1980
Answer: b) 1995
13. The main objective of WTO is:
a) To regulate international trade
b) Only to help developed countries
c) Only to increase imports
d) Only to increase exports
Answer: a) To regulate international trade
14. What benefit have consumers received due to globalization?
a) More choices and better quality
b) Only expensive products
c) Only local products
d) Only low-quality products
Answer: a) More choices and better quality
15. Who opposed globalization in India?
a) Only the government
b) Only farmers
c) Various social groups and organizations
d) Only students
Answer: c) Various social groups and organizations
16. In which sector has employment increased due to globalization?
a) Unorganized sector
b) Only government sector
c) Only agriculture
d) Only traditional industries
Answer: a) Unorganized sector
17. The full form of FDI is:
a) Foreign Direct Investment
b) Foreign Domestic Investment
c) Foreign Development Investment
d) Foreign Dollar Investment
Answer: a) Foreign Direct Investment
18. In which sector is FDI highest in India?
a) IT and telecommunications
b) Only agriculture
c) Only mining
d) Only tourism
Answer: a) IT and telecommunications
19. Due to globalization, the prices of which items have decreased in India?
a) Electronic goods
b) Only food items
c) Only medicines
d) Only clothes
Answer: a) Electronic goods
20. Due to globalization, competition has increased in which sector in India?
a) Industries and services
b) Only agriculture
c) Only education
d) Only healthcare
Answer: a) Industries and services
21. “Liberalization” means:
a) Reduction in government restrictions on trade
b) Only increasing exports
c) Only increasing imports
d) Only increasing taxes
Answer: a) Reduction in government restrictions on trade
22. Due to globalization, which industry has rapidly developed in India?
a) Information Technology (IT)
b) Only textiles
c) Only steel
d) Only cement
Answer: a) Information Technology (IT)
23. One reason for opposition to globalization is:
a) Negative impact on local industries
b) Only government policies
c) Only farmers’ problems
d) Only workers’ demands
Answer: a) Negative impact on local industries
24. Who initiated the process of globalization in India?
a) Dr. Manmohan Singh
b) Jawaharlal Nehru
c) Indira Gandhi
d) Rajiv Gandhi
Answer: a) Dr. Manmohan Singh
25. Due to globalization, jobs have decreased in which sector in India?
a) Traditional handicrafts
b) IT sector
c) Banking
d) Healthcare services
Answer: a) Traditional handicrafts
26. What is “outsourcing”?
a) Getting work done in another country
b) Only working at the local level
c) Only providing government jobs
d) Only doing agricultural work
Answer: a) Getting work done in another country
27. Call centers in India are an example of:
a) Outsourcing
b) Only local employment
c) Only government schemes
d) Only education sector
Answer: a) Outsourcing
28. What has been the impact of globalization on the environment?
a) Increase in pollution
b) Only water conservation
c) Only increase in forests
d) Only development of green energy
Answer: a) Increase in pollution
29. The concept of “Global Village” is related to:
a) Globalization
b) Only rural development
c) Only urbanization
d) Only agriculture
Answer: a) Globalization
30. What has been the impact of globalization on Indian culture?
a) Influence of Western culture
b) Only development of local culture
c) Only increase in religious practices
d) Only linguistic uniformity
Answer: a) Influence of Western culture
31. Supporters of globalization believe that it leads to:
a) Economic growth
b) Only government benefits
c) Only benefits to private companies
d) Only urban development
Answer: a) Economic growth
32. Opponents of globalization believe that it leads to:
a) Increase in economic inequality
b) Only increase in government control
c) Only development of agriculture
d) Only benefits to workers
Answer: a) Increase in economic inequality
33. After globalization, in which sector has the dominance of foreign companies increased in India?
a) Fast food and cold drinks
b) Only agricultural equipment
c) Only pharmaceutical industry
d) Only textile industry
Answer: a) Fast food and cold drinks
34. Due to globalization, the availability of which products has increased in India?
a) Products of multinational companies
b) Only local products
c) Only handmade items
d) Only agricultural products
Answer: a) Products of multinational companies
35. What problem have small industries faced due to globalization?
a) Competition from large companies
b) Only government policies
c) Only shortage of labor
d) Only shortage of raw materials
Answer: a) Competition from large companies
36. What is a “tariff”?
a) Tax imposed on imported goods
b) Only subsidy on exports
c) Only tax on local products
d) Only tax on services
Answer: a) Tax imposed on imported goods
37. Due to globalization, which type of investment has increased in India?
a) Foreign Direct Investment (FDI)
b) Only government investment
c) Only agricultural investment
d) Only local investment
Answer: a) Foreign Direct Investment (FDI)
38. What advantage have Indian companies gained due to globalization?
a) Access to new technology and markets
b) Only government support
c) Only tax exemptions
d) Only availability of labor
Answer: a) Access to new technology and markets
39. Due to globalization, in which sector has India become a major player?
a) Information Technology (IT) and BPO
b) Only agriculture
c) Only automobile
d) Only mining
Answer: a) Information Technology (IT) and BPO
40. Due to globalization, which type of jobs have increased in India?
a) Jobs in the service sector
b) Only in the agricultural sector
c) Only government jobs
d) Only in the handicraft sector
Answer: a) Jobs in the service sector
41. What is “protectionism”?
a) Protecting domestic industries
b) Only promoting exports
c) Only restricting imports
d) Only blocking foreign investment
Answer: a) Protecting domestic industries
42. Due to globalization, the prices of which products have decreased?
a) Electronics and gadgets
b) Only food items
c) Only medicines
d) Only clothes
Answer: a) Electronics and gadgets
43. Due to globalization, which type of industries have suffered losses in India?
a) Small and medium industries
b) Only large industries
c) Only public industries
d) Only agriculture-based industries
Answer: a) Small and medium industries
44. Due to globalization, which technology has spread in India?
a) Information and communication technology
b) Only agricultural technology
c) Only transportation technology
d) Only construction technology
Answer: a) Information and communication technology
45. Due to globalization, the demand for which products has increased in India?
a) Branded and international products
b) Only local products
c) Only handicrafts
d) Only agricultural products
Answer: a) Branded and international products
46. Due to globalization, employment has decreased in which sector in India?
a) Traditional handicrafts and cottage industries
b) Only government jobs
c) Only agricultural work
d) Only education sector
Answer: a) Traditional handicrafts and cottage industries
47. How has the Indian economy changed due to globalization?
a) More export-oriented
b) Only import-oriented
c) Only agriculture-based
d) Only local market-focused
Answer: a) More export-oriented
48. Due to globalization, which type of companies have expanded in India?
a) Multinational companies (MNCs)
b) Only public sector companies
c) Only cooperatives
d) Only small businesses
Answer: a) Multinational companies (MNCs)
49. What type of policies were adopted in India due to globalization?
a) Liberal economic policies
b) Only communist policies
c) Only government control
d) Only protectionist policies
Answer: a) Liberal economic policies
50. What has been the impact of globalization on Indian farmers?
a) Increased dependence on the market
b) Only received government support
c) Only increased crop prices
d) Only improved agricultural technology
Answer: a) Increased dependence on the market