Globalisation and The Indian Economy MCQ

Globalisation and The Indian Economy MCQ. These 100 Multiple Choice Questions with Answer and Explanation will help you score full marks in your class 10 Social Science (Economics) exam.

Globalisation and The Indian Economy MCQ

Introduction to Globalisation

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Correct Answer: B. Integration through trade and investments (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: A. Spread of technolog (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

 

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Correct Answer: C. Controlling production across multiple countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Liberalisation of trade and investment policies (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Spread of cultural values and practices (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Increasing international cooperation (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Technological advances (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. By setting up production in multiple countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Exchange of global cultural practices (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: D. Global markets (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

MNCs and the Spread of Production

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Correct Answer: C. Spreading production across different countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. By producing in countries with cheap resources and labour (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Owning or controlling production in more than one countr (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

 

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Correct Answer: C. MNCs often outcompete local producers (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Garment and textile (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Lower production costs and increased profits (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. India (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Foreign investment (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Government policies that favour their interests (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. By closely competing or buying them up (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

Interlinking of Markets – Globalisation and The Indian Economy MCQ

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Correct Answer: C. Through trade and investment across countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Chinese toys becoming more popular due to lower prices (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. It increases competition with foreign producers (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Greater competition between producers (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. It encourages MNCs to set up production facilities in various countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. By exporting cars and components to several countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Automobiles (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Increased access to global markets (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

Factors Enabling Globalisation – Globalisation and The Indian Economy MCQ

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Correct Answer: A. Technological advancements (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. By allowing faster delivery of goods at lower costs (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. It facilitates instant communication and access to information (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Expansion of mobile and satellite communication (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Removing restrictions on trade and investments (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: D. Post-liberalisation era (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. World Trade Organization (WTO) (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: D. World Trade Organization (WTO) (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Rapid advances in telecommunications and IT (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Increased competition with global producers (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

Globalisation and the Indian Economy

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Correct Answer: B. By offering more choices and improved product qualit (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

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Correct Answer: B. Shift towards industries like call centres and automobile production (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Tata Motors (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Growth in industries such as IT and services (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: A. Infosys (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Significant growth due to foreign collaborations (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Increased access to international products and brands (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Call centres and IT (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. They collaborate with foreign companies for global expansion (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. By increasing foreign investments and production (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

Foreign Investment and MNC Strategies

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Correct Answer: C. Investment by MNCs in assets like factories and land in a foreign countr (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

 

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Correct Answer: C. To maximise profits by reducing production costs (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Through joint ventures with local companies or acquisitions (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Portfolio investment (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. It allows MNCs to reduce costs by hiring services from other countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Cargill became the largest producer of edible oils in India (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Acquiring local companies or forming joint ventures (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Inability to compete with the lower prices and resources of MNCs (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Due to the availability of cheap labour and resources (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

Impact of Globalisation on Workers

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Correct Answer: C. Competition and uncertain employment conditions (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Garment industr (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

 

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Correct Answer: C. Loss of jobs and reduced wages due to competition from MNCs (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Temporary employment with low wages (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

  

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Correct Answer: B. Uncertainty and lack of job securit (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

 

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Correct Answer: C. By hiring temporary workers and reducing labour costs (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. They face challenges like job insecurity and low wages (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Greater job opportunities but with less stabilit (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

 

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Correct Answer: C. Preference for flexible, temporary employment contracts (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

Government Policies and Globalisation

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Correct Answer: C. By creating policies that promote investment and trade (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. To promote foreign investments by providing tax benefits (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. By attracting more foreign investments and global trade (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Reduced job security for workers (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. By reducing restrictions on trade and promoting foreign investments (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. To attract foreign companies by reducing costs of labour (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Tax exemptions and better infrastructure (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Attracting foreign investments and increasing trade (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

International Organisations and Global Trade

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Correct Answer: B. To facilitate free trade between countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: A. Agricultural subsidies in developed countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. They limit the flow of goods and services (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. The WTO allows developed countries to retain trade barriers while pressuring developing countries to remove theirs (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Agriculture (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. They lower prices of U.S. farm products, harming farmers in developing countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Unfair trade practices and competition from developed countries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Providing large subsidies to its own agricultural sector (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

The Debate on Globalisation – Globalisation and The Indian Economy MCQ

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Correct Answer: B. Increased consumer choices and economic growth (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Large multinational corporations (MNCs) and consumers in developed nations (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. It leads to the unequal distribution of benefits, favouring wealthy nations and corporations (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. Inability to compete with larger multinational corporations (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Because local industries face tough competition from MNCs, leading to closures (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Ensuring that the benefits of globalisation are shared more equall (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

 

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Correct Answer: C. By creating policies that protect local producers and ensure equitable distribution of benefits (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Strengthening government support for local industries (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: C. They face challenges in competing and often go out of business (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. By ensuring that global trade rules benefit both developed and developing nations equall (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

 

The Future of Globalisation

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Correct Answer: B. Increased technological integration and international cooperation (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: A. Balancing economic growth with rising inequalit (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

 

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Correct Answer: B. Increase in trade opportunities due to improved communication and logistics (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Growth in sectors like information technology and services (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. They will become more interdependent on global markets (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Ensuring fair distribution of the benefits of globalisation (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

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Correct Answer: B. Growth in foreign investments and access to global markets (Globalisation and The Indian Economy MCQ by Top100MCQ.com)

  

Read Also: Sectors of the Indian Economy Class 10 MCQs

Most Asked Important Questions

What is globalisation?

Globalisation refers to the process of increased integration between countries, mainly through trade, investment, and the movement of goods, services, and people.

How do multinational corporations (MNCs) contribute to globalisation?

MNCs spread production across different countries, invest in foreign markets, and contribute to the integration of global economies by moving goods, services, and capital.

What is the impact of globalisation on Indian workers?

Globalisation has led to job opportunities in sectors like IT and services, but it also brings challenges such as job insecurity and increased competition in industries like textiles.

How has globalisation affected Indian consumers?

Indian consumers now have access to a wider variety of international products, better quality goods, and more competitive prices due to globalisation.

What role does the government play in managing globalisation?

The government facilitates globalisation through liberalisation policies, creating Special Economic Zones (SEZs), and ensuring fair distribution of its benefits by protecting local industries.

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