CLASS-X QUIZ 4: ECONOMICS LESSON 4 : GLOBALISATION AND THE INDIAN ECONOMY

GLOBALISATION AND THE INDIAN ECONOMY QUIZ

(All questions are compulsory)

31. What does foreign trade result in?

a. Less competition b. Isolation of markets c. Integration of markets d. Reduced variety of goods

32. Why did the Indian government put trade barriers after independence?

a. To promote foreign products b. To protect domestic industries c. To support MNCs d. To increase imports

33. Which international body promotes liberalisation of trade?

a. IMF b. WHO c. WTO d. UNO

34. Which type of jobs have increased due to globalization?

a. Permanent jobs b. Government jobs c. Flexible and temporary jobs d. Seasonal agricultural jobs

35. Why are developed countries pressuring developing countries to liberalise trade?

a. To help their own MNCs enter markets b. To improve agriculture in developing countries c. To provide education d. To build infrastructure

36. What challenge do small producers face under globalization?

a. High demand b. Lack of raw materials c. Cheap imported goods d. Excessive profits

37. Which policy change was adopted by India in 1991?

a. Nationalisation b. Liberalisation c. Privatisation d. Centralisation

38. What is the full form of MNC?

a. Multi-Nation Corporation b. Mutual National Committee c. Multi-National Corporation d. Modern National Council

39. Which of the following is true about Indian IT companies?

a. They only work for Indian clients b. They provide global services c. They don’t use technology d. They don’t hire educated youth

40. What is one way to ensure fair globalization?

a. Stop foreign trade b. Protect interests of all sections c. Increase only foreign investment d. Remove all government policies