Class 10 Globalization and the Indian Economy MCQ Quiz – Test Your Knowledge

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Are you ready to test your understanding of Globalization and the Indian Economy? This MCQ quiz will help you revise important concepts like liberalization, foreign trade, MNCs, and the impact of globalization on India.

About the Quiz

  • Chapter Name: Globalization and the Indian Economy
  • Subject: Social Science (Economics)
  • Book: NCERT Class 10 Economics
  • Question Type: Multiple Choice Questions (MCQs)
  • Leaderboard: Yes (Track Your Rank!)

Why Take This Quiz?

Quick revision for CBSE board exams
Based on NCERT textbook concepts
Leaderboard to track top performers

Click Below to Start the Quiz!

Chapter 4 - Globalization and the Indian Economy

1 / 15

What is the role of technology in facilitating international trade?

2 / 15

What are the negative impacts of globalization?

3 / 15

Identify the correct statements about globalization.

  1. Removal of barriers by the government
  2. Foreign companies are allowed to set up factories
  3. Has enabled all companies to increase their investments
  4. Has lessened foreign investment and foreign trade

4 / 15

Why do MNCs set up production units in other countries?

5 / 15

Ford Motors, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world. Ford Motors came to India in 1995 and spent Rs.1700 crore to set up a large plant near Chennai. This was done in collaboration with Mahindra and Mahindra, a major Indian manufacturer of jeeps and trucks. By the year 2004, Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico, and Brazil. The company wanted to develop Ford India as a component supplying base for its other plants across the globe.

By setting up their production plants in India, Ford Motors wanted to

6 / 15

What is liberalization of foreign trade and foreign investment policy?

7 / 15

A situation in which all the countries reap equally the benefits of foreign trades equally is known as _____.

8 / 15

Which of the following policy decisions by the central government could potentially serve as a trade barrier?

9 / 15

Liberalization is _____.

10 / 15

What is a multinational company?

11 / 15

Ford Motors, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world. Ford Motors came to India in 1995 and spent Rs.1700 crore to set up a large plant near Chennai. This was done in collaboration with Mahindra and Mahindra, a major Indian manufacturer of jeeps and trucks. By the year 2004, Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico, and Brazil. The company wanted to develop Ford India as a component supplying base for its other plants across the globe.

The passage given above relates to which of the following options?

12 / 15

Match the following:

i. MNCs buy at cheap rates from small producersa. Automobiles
ii. Quotas and taxes on imports are used to regulate tradeb. Garments, footwear, sports items
iii. Indian companies who have invested abroadc. Call centers
iv. IT has helped in spreading of production of servicesd. Tata Motors, Infosys, Ranbaxy
v. Several MNCs have invested in setting up factories in India for production.e. Trade barriers

13 / 15

What is the role of international organizations like the WTO in promoting globalization?

14 / 15

What are the positive impacts of globalization?

15 / 15

A multinational company (MNC) is a corporate organization that owns and controls production in more than one country.

Accordingly, which of the following countries has the BEST potential for an MNC to be set up?

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1Chill100 %53 seconds15
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6Kashish93 %13 minutes 44 seconds14
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13kk87 %5 minutes 58 seconds13
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16God's Plan80 %2 minutes 29 seconds12
17Hi80 %2 minutes 30 seconds12
18Tanisha80 %3 minutes 11 seconds12
19moni80 %6 minutes 7 seconds12
20V80 %6 minutes 47 seconds12
21Moksh Singh80 %7 minutes 23 seconds12
22Nandini80 %7 minutes 28 seconds12
23abc73 %2 minutes 31 seconds11
24Jdbdhdhjdgdhdbsn73 %2 minutes 38 seconds11
25Ansh73 %3 minutes 24 seconds11
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29Praniii..❤️🧿🥴73 %5 minutes 9 seconds11
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55Chill60 %3 minutes 15 seconds9
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87Siya47 %2 minutes 51 seconds7
88Sapna Kumari47 %3 minutes 8 seconds7
89Prashant47 %3 minutes 8 seconds7
90Prachi47 %4 minutes 3 seconds7
91Himanshu47 %4 minutes 22 seconds7
92Anya47 %4 minutes 54 seconds7
93AarushiPandey47 %5 minutes 26 seconds7
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95Swathi40 %1 minutes 50 seconds6
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97Raveena40 %2 minutes 45 seconds6
98Daksh40 %3 minutes 3 seconds6
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102Prathamesh40 %4 minutes 6 seconds6
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104Megha basapur40 %5 minutes 3 seconds6
105Archana40 %5 minutes 10 seconds6
106Shanaya33 %1 minutes 27 seconds5
107Rajveer Yadav33 %1 minutes 44 seconds5
108Vrashi jain33 %2 minutes 11 seconds5
109Beauty33 %2 minutes 14 seconds5
110Namdqmi33 %2 minutes 44 seconds5
111Archana33 %3 minutes 45 seconds5
112Prachu33 %3 minutes 47 seconds5
113Priyanka33 %3 minutes 57 seconds5
114Joh33 %4 minutes 26 seconds5
115Balu mafiya33 %20 minutes 10 seconds5
116Maheen33 %45 minutes 30 seconds5
117Naman27 %2 minutes 38 seconds4
118Sharannya27 %6 minutes 5 seconds4
119Yup13 %39 seconds2
120R0 %24 seconds0

Key Topics Covered in the Quiz

What is Globalization?
Liberalization and Economic Reforms in India
Role of Multinational Corporations (MNCs)
Foreign Trade and Its Impact
Advantages and Disadvantages of Globalization

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