CBSE Class 10 Social Science Economics Globalisation and the Indian Ec Quiz 2

1. Companies who set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of:

A 2 years B 5 years C 4 years D 10 years

2. It refers to the globalisation which creates opportunities for all and ensures that its benefits are better shared.

A Privatisation B Special Economic Zones (SEZs) C World Trade Organisation (WTO) D Fair globalisation

3. An MNC is a company that owns or controls production in

A one country B more than one country C only developing countries D only developed countries

4. The process of rapid integration or interconnection between countries through free trade, free mobility of capital and labour is called

A Foreign trade B Liberalisation C Globalisation D Privatisation

5. What was the main channel connecting countries in the past?

A Labour B Religion C Technology D Trade

6. 'The impact of Globalisation has not been fair.' Who among the following people have not benefitted from globalisation?

A Well off consumers B Small producers and workers C Skilled and educated producers D Large wealthy producers

7. What is the main motive behind the investments of MNCs?

A The main motive is to increase their assets and earn profits. B The main motive is the welfare of the poor people. C The main motive of an MNCs is to offer financial support to the government of their country. D The main motive is to benefit foreign countries.

8. “MNCs keep in mind certain factors before setting up production". Identify the incorrect option from the choices given below

A Availability of cheap skilled and unskilled labour B Proximity to markets C Presence of a large number of local competitors D Favourable government policies

9. WTiich Indian company was bought over by Cargill Foods—a large American MNC? Pick out the name from the alternatives provided

A Amul B Fun Foods Ltd. C Agro Tech Foods Ltd. D Parakh Foods

10. WTiich organisation supports liberalisation of foreign trade and investments in India?

A International Labour Organisation (ILO) B World Bank C World Trade Organisation (WTO) D International Monetary Fund (IMF)