Dear students as per the latest exam pattern of CBSE Class 10 social science multiple choice questions and answers will be a part of your question paper. Here we are providing mcq for class 10 social science Economics chapter  4 Globalisation and the Indian Economy. So let’s dive in for imp mcq of sst class 10
CHAPTER 4
Globalization and the Indian Economy
Multiple Choice Questions
Q.1. …………. is the process of rapid integration or Interconnection between countries.
(a) Privatisation
(b) liberalisation
(c) Globalisation
(d) None of the above
Q.2.  ……………has been one of the major factor that has stimulated the globalisation process.                                                         Â
 (a) Technology
(b) Ship industry
(c) Democracy
(d) Socialism
Q.3. Which of the following is a feature of trade barriers?
(i) Government can use trade barriers to regulate foreign trade.
(ii) Government can use it to decide what kind of each, should come into the country.
(iii)WTO encourages trade barriers.
(iv) Most of the countries use trade barriers to protect their home industry.
(a) Only (i) and (ii)
(b) Only (ii) and (iii)
(c) Only (iii)
(d) All the mentioned above
Q.4. Removing barriers or restrictions setup by the government is known as ………………
(a) Privatisation
(b) Globalisation
(c) Liberalisation
(d) Industrialisation
Q.5. Removing barriers or restrictions set by the government on foreign trade and foreign investment is known as:
(a) Globalisation
(b) Liberalisation
(c) Taxation
(d) Nationalisation
Q.6. Which one among the following is a far reaching change in the policy made in India In 1991?                                                          Â
(a) Removing barriers or restrictions set by the government which is known as liberalisation.
(b) Put barriers to foreign trade and foreign investments.
(c) Restrictions set by the government to protect the producers within the country from foreign competition.
(d) By giving protection to domestic Producers through a variety of means.
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Q.7. Entry of MNCs in a domestic market may prove harmful for:
 (a) All large scale producers
(b) All domestic producers
(c) All substandard domestic producers
(d) All small scale producers
Q.8. Special Economic Zones (SF7c) are being set up to attract:
 (a) Foreign Tourist
(b) Foreign Investment
(c) Foreign Goods
(d) Foreign Policies
Q.9. Which one of the following is not a characteristic of ‘Special Economic Zone’?
(a) They do not have to pay taxes for a long period.
(b) Government has allowed flexibility in labour laws.
(c) They have world class facilities.
(d) They do not have to pay taxes for an initial period of five years.
Q.10. Which one of the following was the main aim to form ‘World Trade Organisation ?
(a) To liberalise international trade
(b) To promote trade of rich countries
(c) To promote of poor countries
(d) To promote bilateral trade
ANSWERS:-
| 1. (c) Globalisation |
| 2. (a) Technology |
| 3. (c) Only (iii) |
| 4. (c) Liberalisation |
| 5. (b) Liberalisation |
| 6. (a) Removing barriers or restrictions set by the government which is known as liberalization. |
| 7. (c) All substandard domestic producers |
| 8. (b) Foreign Investment |
| 9. (a) They do not have to pay taxes for a long period. |
| 10. (a) To liberalize international trade |
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