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

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

2 / 15

What are the positive impacts of globalization?

3 / 15

Name the basic factor that enables globalization.

4 / 15

Which of the following is NOT an example of the process of globalization?

5 / 15

Which of the following international agencies allow free trade and work on mutual trade between countries?

6 / 15

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

7 / 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.

‘Ford Motors' wish to develop Ford India as a component supplying base for its other plants across the globe is evidence of

8 / 15

What is liberalization of foreign trade and foreign investment policy?

9 / 15

Read the given statements in the context of ‘globalization’ and choose the correct option –

10 / 15

What is the impact of globalization on small producers?

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.

According to the given passage, Ford Motors can be termed as a Multi-National Company based on which of the following options?

12 / 15

What is the impact of globalization on labor laws?

13 / 15

When did the Indian Government introduce a policy of liberalization known as the ‘New Economic Policy’?

14 / 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

15 / 15

Liberalization is _____.

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17moni80 %6 minutes 7 seconds12
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99Megha basapur40 %5 minutes 3 seconds6
100Archana40 %5 minutes 10 seconds6
101Shanaya33 %1 minutes 27 seconds5
102Rajveer Yadav33 %1 minutes 44 seconds5
103Vrashi jain33 %2 minutes 11 seconds5
104Beauty33 %2 minutes 14 seconds5
105Namdqmi33 %2 minutes 44 seconds5
106Archana33 %3 minutes 45 seconds5
107Prachu33 %3 minutes 47 seconds5
108Priyanka33 %3 minutes 57 seconds5
109Joh33 %4 minutes 26 seconds5
110Balu mafiya33 %20 minutes 10 seconds5
111Maheen33 %45 minutes 30 seconds5
112Naman27 %2 minutes 38 seconds4
113Sharannya27 %6 minutes 5 seconds4
114Yup13 %39 seconds2
115R0 %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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