Question 1: What is globalization?
a) Isolation of economies from international trade
b) Integration of economies through trade and investment flows
c) Limiting technological advancements within a country
d) Promotion of domestic industries only
Answer: b) Integration of economies through trade and investment flows
Question 2: Which sector was the first to be affected by globalization in India?
a) Primary sector
b) Secondary sector
c) Tertiary sector
d) Quaternary sector
Answer: b) Secondary sector
Question 3: What is liberalization?
a) Imposing strict regulations on trade
b) Opening up the economy by reducing government regulations and restrictions
c) Restricting foreign investment
d) Limiting technological advancements
Answer: b) Opening up the economy by reducing government regulations and restrictions
Question 4: Which year marked the beginning of economic reforms in India?
a) 1947
b) 1969
c) 1991
d) 2000
Answer: c) 1991
Question 5: Which organization played a significant role in pushing for globalization and liberalization in India?
a) World Trade Organization (WTO)
b) International Monetary Fund (IMF)
c) United Nations (UN)
d) Organization of Petroleum Exporting Countries (OPEC)
Answer: b) International Monetary Fund (IMF)
Question 6: What is the main aim of globalization?
a) To promote self-sufficiency
b) To increase dependency on foreign goods
c) To integrate economies and promote economic growth
d) To isolate economies from international trade
Answer: c) To integrate economies and promote economic growth
Question 7: Which of the following is a positive impact of globalization on the Indian economy?
a) Increased competition leading to job losses
b) Improved access to foreign technology and capital
c) Dependence on a single market for exports
d) Decline in agricultural productivity
Answer: b) Improved access to foreign technology and capital
Question 8: What is privatization?
a) Government control over businesses
b) Handing over government-owned enterprises to private players
c) Imposing trade barriers
d) Nationalization of industries
Answer: b) Handing over government-owned enterprises to private players
Question 9: Which sector in India has witnessed the highest level of privatization?
a) Primary sector
b) Secondary sector
c) Tertiary sector
d) Quaternary sector
Answer: c) Tertiary sector
Question 10: What is outsourcing?
a) Hiring foreign labor to work in domestic industries
b) Shifting production activities to another country to take advantage of lower costs
c) Importing only finished goods from other countries
d) Limiting trade with other nations
Answer: b) Shifting production activities to another country to take advantage of lower costs
Question 11: Which industry in India has experienced significant growth due to outsourcing?
a) Agriculture
b) Manufacturing
c) Information Technology (IT)
d) Mining
Answer: c) Information Technology (IT)
Question 12: Which of the following is NOT a challenge posed by globalization to the Indian economy?
a) Unequal distribution of benefits
b) Increased competition for domestic producers
c) Loss of cultural identity
d) Limited access to foreign markets
Answer: d) Limited access to foreign markets
Question 13: What is meant by ‘Trade Liberalization’?
a) Imposing restrictions on international trade
b) Removing barriers to international trade
c) Nationalizing industries
d) Promoting protectionism
Answer: b) Removing barriers to international trade
Question 14: What is meant by ‘Trade Deficit’?
a) Exports exceeding imports
b) Imports exceeding exports
c) Equal balance between imports and exports
d) No international trade occurring
Answer: b) Imports exceeding exports
Question 15: Which organization is responsible for overseeing international trade rules and agreements?
a) United Nations (UN)
b) World Trade Organization (WTO)
c) International Monetary Fund (IMF)
d) World Bank
Answer: b) World Trade Organization (WTO)
Question 16: Which sector in India has been most impacted by globalization?
a) Primary sector
b) Secondary sector
c) Tertiary sector
d) Quaternary sector
Answer: c) Tertiary sector
Question 17: What is meant by ‘FDI’?
a) Foreign Development Investment
b) Foreign Domestic Investment
c) Foreign Direct Investment
d) Fiscal Development Investment
Answer: c) Foreign Direct Investment
Question 18: Which country has been a significant source of FDI for India?
a) China
b) Japan
c) United States
d) Russia
Answer: c) United States
Question 19: Which sector in India has seen the highest growth due to globalization?
a) Agriculture
b) Manufacturing
c) Information Technology (IT)
d) Construction
Answer: c) Information Technology (IT)
Question 20: Which term refers to the movement of people, goods, services, capital, and ideas across national borders?
a) Globalization
b) Privatization
c) Liberalization
d) Outsourcing
Answer: a) Globalization
🌟 Why Choose CBSEJanta.com for Class 10 Social Science? 🌟
- ✔ Complete NCERT Solutions: Step-by-step solutions for all subjects!
- ✔ Chapter Summaries & Notes: Simplified explanations for quick understanding.
- ✔ Extra Practice Questions: Test yourself with additional exercises and questions.
- ✔ Interactive Learning: Engaging content to make learning Social Science fun!
📲 Download the CBSEJanta App NOW for instant access to Class 10 Social Science solutions, chapter notes, and practice materials. Ace your Social Science exams with CBSEJanta.com—your all-in-one learning guide! 🌟📖