CBSE Class 10 Social Science Economics Globalisation and the Indian Ec Quiz 1

1. Removing barriers or restrictions set by the government is called:

A Liberalisation B Investment C Fovourable trade D Free trade

2. Rapid integration or interconnection between countries is known as:

A Privatisation B Globalisation C Liberalisation D Socialisation

3. Globalisation has led to improvement in living conditions:

A of all the people B of people in the developed countries C of workers in the developing countries D none of the above.

4. Which one of the following Indian indus¬tries has been hit hard by globalisation?

A Information Technology (IT) B Toy making C Jute D Cement

5. World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?

A Rich countries B Poor countries C Developed countries D Developing countries

6. Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?

A International Labour Organisation B International Monetary Fund C World Health Organisation D World Trade Oraganisation

7. Investments made by MNCs are termed as:

A Indigenous investment B Foreign investment C Entrepreneur’s investment D None of the above

8. Which of the following is not a feature of a Multi-National Company?

A It owns/controls production in more than one nation. B It sets up factories where it is close to the markets. C It organises production in complex ways. D It employs labour only from its own country.

9. Tax on imports is an example of:

A Terms of Trade B Collateral C Trade Barriers D ForeignTrade

10. Which one of the following is not characteristic of‘Special Economic Zone’?

A They do not have to pay taxes for 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.