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

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

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Chapter 4 - Globalization and the Indian Economy

1 / 15

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

Interlinks only production-based activities in dispersed locations in the world

This leads to the spread of technology, cultures, and diseases from one region to another

It has always given only positive results in all the countries

It is the only way for the economic development of the country

2 / 15

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

IMF

FAO

UPU

WTO

3 / 15

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

Liberalization

Fair globalization

Internationalization

Equal globalization

4 / 15

What is globalization?

The process of reducing international trade

The process of promoting sustainable development

The process of increasing the cost of production

The process of rapid integration or interconnection between countries

5 / 15

Liberalization is _____.

Removing barriers or restrictions set by the government

Checking barriers by the government

Help from the government

More trade

6 / 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?

Because of largescale exports of cars across the globe

Production of different types of automobiles

Industrial and commercial ventures across the globe

Largest automobile manufacturer in the world

7 / 15

Evaluate the impacts of opening foreign trade on the global economy by identifying the appropriate statements among the following options:

The choice of goods in the markets increases.

Producers from two countries closely compete against each other despite the distance between their locations.

Foreign trade thus results in connecting the markets or integration of markets in different countries.

The quality of the product is always good.

All the statements are appropriate.

Only statement 4 is appropriate.

Statements 1, 2, and 3 are appropriate.

Statements 1 and 2 are appropriate.

8 / 15

What are the negative impacts of globalization?

Reduced dependence of underdeveloped countries on advanced countries

Creation of new jobs and availability of good quality products at lower prices

Increased international trade

Increased income inequalities among various countries

9 / 15

Why do MNCs set up production units in other countries?

To provide employment opportunities to local citizens

To increase the cost of production

To reduce the cost of production

To promote sustainable development

10 / 15

Tax on imports is an example of _____.

Investment

Disinvestment

Trade barrier

Quotas

11 / 15

What are the positive impacts of globalization?

Creation of new jobs and availability of good quality products at lower prices

Reduced variety of goods available to consumers

Reduced international trade

Increased cost of production

12 / 15

Name the basic factor that enables globalization.

Technology

Human resources

Trade

All

13 / 15

What is a multinational company?

A company that has its production center in India

A company that has its headquarters only in India

A company that is situated outside India

A company that has its production and distribution centers in more than one country

14 / 15

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

simplifying customs procedures

promoting fairer trade practices globally

implementing higher tariffs on imports

strengthening export subsidies

15 / 15

SEZs stand for _____.

Special economic zones

None

Southern electricity zones

Special electricity zones

Your score is

The average score is 59%

Leaderboard – Top Scorers

Check out the highest scorers below!

Pos.	Name	Score	Duration	Points
1	varun	100 %	2 minutes 6 seconds	15
2	Naveen	100 %	6 minutes 5 seconds	15
3	Aaa	93 %	3 minutes 49 seconds	14
4	...	93 %	4 minutes 33 seconds	14
5	Kashish	93 %	13 minutes 44 seconds	14
6	V Lokesh	87 %	1 minutes 47 seconds	13
7	Moksh Singh aka Michael	87 %	2 minutes 33 seconds	13
8	Tipitipitip	87 %	4 minutes 12 seconds	13
9	Sparsh saxena	87 %	5 minutes 3 seconds	13
10	Beauty	87 %	5 minutes 25 seconds	13
11	Sea	87 %	5 minutes 32 seconds	13
12	kk	87 %	5 minutes 58 seconds	13
13	Isaacjonathan	87 %	28 minutes 16 seconds	13
14	God's Plan	80 %	2 minutes 29 seconds	12
15	Hi	80 %	2 minutes 30 seconds	12
16	moni	80 %	6 minutes 7 seconds	12
17	V	80 %	6 minutes 47 seconds	12
18	Moksh Singh	80 %	7 minutes 23 seconds	12
19	Nandini	80 %	7 minutes 28 seconds	12
20	abc	73 %	2 minutes 31 seconds	11
21	Jdbdhdhjdgdhdbsn	73 %	2 minutes 38 seconds	11
22	Ansh	73 %	3 minutes 24 seconds	11
23	Jass	73 %	3 minutes 38 seconds	11
24	Uusus	73 %	4 minutes 11 seconds	11
25	jgjg	73 %	4 minutes 37 seconds	11
26	Praniii..❤️🧿🥴	73 %	5 minutes 9 seconds	11
27	Yoo	73 %	5 minutes 10 seconds	11
28	kkk	73 %	5 minutes 10 seconds	11
29	Meet	73 %	5 minutes 31 seconds	11
30	Mus	73 %	6 minutes 5 seconds	11
31	Asg	73 %	6 minutes 9 seconds	11
32	Manisha	73 %	34 minutes 18 seconds	11
33	Prachu	67 %	2 minutes 47 seconds	10
34	Salman	67 %	3 minutes 4 seconds	10
35	ayushman	67 %	3 minutes 6 seconds	10
36	ayesha	67 %	3 minutes 21 seconds	10
37	Pravin	67 %	4 minutes 7 seconds	10
38	Remi	67 %	4 minutes 27 seconds	10
39	Anushansha	67 %	5 minutes 3 seconds	10
40	Garima	67 %	5 minutes 8 seconds	10
41	Shashank	67 %	6 minutes	10
42	D	67 %	8 minutes 19 seconds	10
43	Pritha	67 %	9 minutes 47 seconds	10
44	b	67 %	10 minutes 36 seconds	10
45	Aaaa	67 %	11 minutes 19 seconds	10
46	Anurag soni	67 %	12 minutes 56 seconds	10
47	Y	60 %	1 minutes 34 seconds	9
48	Ankit kumar	60 %	2 minutes 16 seconds	9
49	Huh	60 %	2 minutes 47 seconds	9
50	Yashita	60 %	2 minutes 59 seconds	9
51	Divya	60 %	3 minutes 7 seconds	9
52	It's me	60 %	3 minutes 26 seconds	9
53	Maheen	60 %	3 minutes 34 seconds	9
54	Jyoshethaah	60 %	3 minutes 42 seconds	9
55	Ankit	60 %	4 minutes 23 seconds	9
56	Aaaa	60 %	5 minutes 19 seconds	9
57	Rohit	60 %	7 minutes 28 seconds	9
58	SALESMAN	60 %	7 minutes 51 seconds	9
59	Avani	60 %	8 minutes 12 seconds	9
60	P. Neeraj	60 %	29 minutes 11 seconds	9
61	Megha basapur	53 %	1 minutes 57 seconds	8
62	Nandqni	53 %	2 minutes 5 seconds	8
63	LEO	53 %	2 minutes 21 seconds	8
64	P	53 %	2 minutes 28 seconds	8
65	Prachiii	53 %	2 minutes 40 seconds	8
66	Krish	53 %	2 minutes 57 seconds	8
67	Shatakshi	53 %	3 minutes 22 seconds	8
68	KIRTI	53 %	3 minutes 42 seconds	8
69	Iqra Nafees	53 %	4 minutes 18 seconds	8
70	Mohit	53 %	4 minutes 21 seconds	8
71	Queen Elizabeth	53 %	4 minutes 26 seconds	8
72	Dazai	53 %	5 minutes 10 seconds	8
73	self	53 %	5 minutes 45 seconds	8
74	Amit	53 %	6 minutes 37 seconds	8
75	Narmada	53 %	8 minutes 40 seconds	8
76	Anushansha	53 %	9 minutes 3 seconds	8
77	Raj	53 %	47 minutes 23 seconds	8
78	Kahi ch	47 %	1 minutes 26 seconds	7
79	Bavithra	47 %	1 minutes 56 seconds	7
80	Sheetal	47 %	2 minutes 19 seconds	7
81	Siya	47 %	2 minutes 51 seconds	7
82	Sapna Kumari	47 %	3 minutes 8 seconds	7
83	Himanshu	47 %	4 minutes 22 seconds	7
84	Anya	47 %	4 minutes 54 seconds	7
85	AarushiPandey	47 %	5 minutes 26 seconds	7
86	Ananya	47 %	6 minutes 14 seconds	7
87	Swathi	40 %	1 minutes 50 seconds	6
88	Shristy kumari	40 %	2 minutes 39 seconds	6
89	Raveena	40 %	2 minutes 45 seconds	6
90	Daksh	40 %	3 minutes 3 seconds	6
91	Eco	40 %	3 minutes 9 seconds	6
92	Khushi.nigamm	40 %	3 minutes 14 seconds	6
93	laasya	40 %	3 minutes 52 seconds	6
94	Prathamesh	40 %	4 minutes 6 seconds	6
95	Aa	40 %	4 minutes 59 seconds	6
96	Megha basapur	40 %	5 minutes 3 seconds	6
97	Archana	40 %	5 minutes 10 seconds	6
98	Shanaya	33 %	1 minutes 27 seconds	5
99	Rajveer Yadav	33 %	1 minutes 44 seconds	5
100	Vrashi jain	33 %	2 minutes 11 seconds	5
101	Beauty	33 %	2 minutes 14 seconds	5
102	Namdqmi	33 %	2 minutes 44 seconds	5
103	Archana	33 %	3 minutes 45 seconds	5
104	Prachu	33 %	3 minutes 47 seconds	5
105	Joh	33 %	4 minutes 26 seconds	5
106	Balu mafiya	33 %	20 minutes 10 seconds	5
107	Maheen	33 %	45 minutes 30 seconds	5
108	Naman	27 %	2 minutes 38 seconds	4
109	Sharannya	27 %	6 minutes 5 seconds	4
110	Yup	13 %	39 seconds	2
111	R	0 %	24 seconds	0

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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About the Quiz

Why Take This Quiz?

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Key Topics Covered in the Quiz

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