Class 10 Globalization and the Indian Economy MCQ Quiz – Test Your Knowledge

What is the role of international organizations like the WTO in promoting globalization?

What is liberalization of foreign trade and foreign investment policy?

Evaluate the impacts of opening foreign trade on the global economy by identifying the appropriate statements among the following options:

1. The choice of goods in the markets increases.
2. Producers from two countries closely compete against each other despite the distance between their locations.
3. Foreign trade thus results in connecting the markets or integration of markets in different countries.
4. The quality of the product is always good.

What is the impact of globalization on small producers?

Ford Motors, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world. Ford Motors came to India in 1995 and spent Rs.1700 crore to set up a large plant near Chennai. This was done in collaboration with Mahindra and Mahindra, a major Indian manufacturer of jeeps and trucks. By the year 2004, Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico, and Brazil. The company wanted to develop Ford India as a component supplying base for its other plants across the globe.

By setting up their production plants in India, Ford Motors wanted to

Which of the following policy decisions by the central government could potentially serve as a trade barrier?

When did the Indian Government introduce a policy of liberalization known as the ‘New Economic Policy’?

What is the role of technology in facilitating international trade?

What are the negative impacts of globalization?

Read the given statements in the context of ‘globalization’ and choose the correct option –

Ford Motors, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world. Ford Motors came to India in 1995 and spent Rs.1700 crore to set up a large plant near Chennai. This was done in collaboration with Mahindra and Mahindra, a major Indian manufacturer of jeeps and trucks. By the year 2004, Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico, and Brazil. The company wanted to develop Ford India as a component supplying base for its other plants across the globe.

The passage given above relates to which of the following options?

A multinational company (MNC) is a corporate organization that owns and controls production in more than one country.

Accordingly, which of the following countries has the BEST potential for an MNC to be set up?

Liberalization is _____.

Which of the following is NOT an example of the process of globalization?

What is a multinational company?