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Ch4 Globalisation Practice QP 2022-23

This document contains a revision question for Class X CBSE economics that covers topics related to globalization and the Indian economy. It includes 15 multiple choice questions about concepts like multinational corporations, trade barriers, benefits of foreign trade, and India's policies regarding globalization and foreign investment. It also provides short answer questions about the impact of globalization on local producers and workers in India.

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ARSHAD JAMIL
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318 views5 pages

Ch4 Globalisation Practice QP 2022-23

This document contains a revision question for Class X CBSE economics that covers topics related to globalization and the Indian economy. It includes 15 multiple choice questions about concepts like multinational corporations, trade barriers, benefits of foreign trade, and India's policies regarding globalization and foreign investment. It also provides short answer questions about the impact of globalization on local producers and workers in India.

Uploaded by

ARSHAD JAMIL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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FAIPS: DPS, KUWAIT

ECONOMICS
CLASS X: CBSE-2022

REVISION QUESTION

Chapter 4: Globalization and The Indian Economy


SECTION-A OBJECTIVES
1. Which of the following is NOT an example of the process of globalisation?

A. Google's headquarters being in California with multiple offices across the


world
B. Railways being the largest public sector undertaking employer in India
C. McDonalds introducing McAloo Tikki specially for the Indian menu
D. Spanish family having masala dosas for their weekend breakfast

2. A multinational company (MNC) is a corporate organization that owns and controls


production in more than one country. Accordingly, which of following countries
has the best potential for an MNC to be set up?

A. Country W has a rich culture and ample biodiversity.


B. Country X provides loans to foreign companies easily at high interest
rates.
C. Country Y has an educated workforce ready to work for affordable
remuneration.
D. Country Z has a rule which allows people from a specific religion to
conduct business freely.

3. Name the Indian manufacturer with which Ford Motors entered the Indian
automobile business.
A. Mahindra and Mahindra
B. Suzuki
C. Maruti
D. Hindustan Motors

4. Which of the following best describes MNC?


A. MNC is a company that controls production of goods and services in
multiple nations.
B. MNC is a government organised body that controls the distribution of
resources in a country.
C. MNC is an organisation that ensures new technology is used by the farming
sector of a country
D. MNC is a conglomerate of domestic companies that controls production of
goods and services in the domestic region.

5. Rohit has a textile firm. For carrying out production, Rohit spent money on
procuring thread from traders, buying machine and equipment and built a
warehouse to store the cloth produced. The expenditure incurred by Rohit for
conducting the production process is termed as _____.
A. investment
B. profits
C. equity
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FAIPS: DPS, KUWAIT
ECONOMICS
CLASS X: CBSE-2022

D. interest

6. Identify which one of the following is a major benefit of joint production between a
local company and a Multinational Company?
A. MNCs can bring latest technology in the production.
B. MNCs can control the increase in the price.
C. MNCs can buy the local company.
D. MNCs can sell the products under their brand name.

7. Identify why do MNCs set up offices and factories in more than one nation?
A. Because the cost of production is high and the MNCs can earn profit.
B. Because the cost of production is low and the MNCs undergo a loss.
C. Because the cost of production is low and the MNCs can earn greater profit.
D. Because the MNCs want to make their presence felt globally.

8. Globalisation, by connecting countries, leads to:


A. no competition between producers.
B. lesser competition between producers.
C. greater competition between producers.
D. None of the above

9. Which of the following is an example of globalisation?


A. Indians consuming goods produced by the leading producers worldwide
B. Indians becoming self-sufficient in terms of production of goods
and services.
C. Indians moving across different states in domestic territory.
D. Indians producing huge amount of agricultural produce.

10. Study the picture and answer the question that follows:
Which of the following aspects best signifies the above image?

A. Liberalisation
B. Trade
C. WTO
D. Internet

11. Study the picture and answer the question that follows:
Page 2 of 5
FAIPS: DPS, KUWAIT
ECONOMICS
CLASS X: CBSE-2022

Which of the following aspects best signifies the above image?


A. Liberalisation
B. Trade
C. WTO
D. Internet

12. Match the following questions:


Column I Column II
A. Multinational i.Liberalization, Privatization,
corporation Globalization
B. Special Economic Zone ii.Quantitative restrictions & Import duties
C. New Economic policy iii.owns or controls production more than
one nation
D. Trade barriers iv.To promote industrialization through
foreign investment.

Options:
A. A-(i), B-(ii), C-(iii),D(iv)
B. A-(iii), B-(iv), C-(i),D(ii)
C. A-(ii), B-(iii), C-(i),D(iv)
D. A-(ii), B-(i), C-(iii), D(iv)

13. Policy measures and changes which aim at increasing the productivity and
efficiency by creating an environment of competition in the economy.
A. New economic policy
B. Public sector reforms
C. Five-year plans
D. None of the above

14. Companies which 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

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FAIPS: DPS, KUWAIT
ECONOMICS
CLASS X: CBSE-2022

D. 10 years

15. Why is ‘tax’ on imports known as a trade barrier?

Source Based Question:

Foreign trade creates an opportunity for the producers to reach beyond the
domestic markets, i.e., markets of their own countries, Producers can sell their
produce not only in markets located within the country but can also compete in
markets located in other
countries of the world. Similarly, for the buyers, import of goods produced in
another country is one way of expanding the choice of goods beyond what is
domestically produced.

1. What are the benefits of foreign trade?


2. What are the disadvantages of foreign trade?

Answer the following questions:


1. How would flexibility in labour laws help companies?
2. How do Multinational Companies manage to keep the cost of production of their
goods low? Explain with examples.

3. How do local producers get benefited from MNCs?

4. What are the implications of “flexibility” in employment of workers?

5. Describe the contribution of technology in promoting the process of globalisation.


OR
Rapid improvement in technology has been a major factor that has stimulated the
globalisation process. Explain.
OR
Explain the role of technology in stimulating globalisation process.
OR
‘‘Technology has stimulated the globalisation process’’. Support the statement with
examples

6. How has liberalisation of trade and investment policies helped the globalisation
process?

7. Explain the strategy taken by the Indian government to attract foreign investment.
8. How can the Government of India play a major role to make globalisation fairer?
Explain with examples.
9. Why had the Indian government put barriers to foreign trade and foreign
investments after independence? Analyse the reasons.

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FAIPS: DPS, KUWAIT
ECONOMICS
CLASS X: CBSE-2022

10. What kind of challenges are faced by the small producers and workers in India due
to globalisation?

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