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

Name the basic factor that enables globalization.

A situation in which all the countries reap equally the benefits of foreign trades equally is known as _____.

What is globalization?

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

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

Why do MNCs set up production units in other countries?

Which of the following international agencies allow free trade and work on mutual trade between countries?

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?

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

What is the impact of globalization on small producers?

What are the negative impacts of globalization?

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.

‘Ford Motors' wish to develop Ford India as a component supplying base for its other plants across the globe is evidence of

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

What is a multinational company?

Identify the correct statements about globalization.

1. Removal of barriers by the government
2. Foreign companies are allowed to set up factories
3. Has enabled all companies to increase their investments
4. Has lessened foreign investment and foreign trade