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Bihar Board Class 10 (BSEB) Globalisation and the Indian Economy — practice questions

Explore 17 free Globalisation and the Indian Economy questions in Bihar Board Class 10 (BSEB) Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Globalisation and the Indian Economy questions and exercises with answers

Showing questions 1–17 of 17.

Globalisation refers toRead the answer and worked solution →Multinational Corporations (MNCs) are companies thatRead the answer and worked solution →Foreign trade refers toRead the answer and worked solution →A trade barrier isRead the answer and worked solution →Foreign Direct Investment (FDI) isRead the answer and worked solution →Liberalisation in India began significantly inRead the answer and worked solution →Which is NOT a benefit of globalisation in India?Read the answer and worked solution →The WTO (World Trade Organization) aims atRead the answer and worked solution →MNCs often spread production across countries becauseRead the answer and worked solution →'Fair globalisation' would create opportunities for all and ensure benefits areRead the answer and worked solution →Joint production with a local company allows an MNC toRead the answer and worked solution →An export tax is a tax onRead the answer and worked solution →Globalisation has been particularly painful forRead the answer and worked solution →If a government raises tariffs on imported steel, this is an example ofRead the answer and worked solution →Indian IT and BPO services exports are an example ofRead the answer and worked solution →Match each globalisation termRead the answer and worked solution →Which one does NOT belong?Read the answer and worked solution →

Worked practice questions

Globalisation refers to

  1. the rapid integration of economies through trade, investment and movement of people
  2. the spread of one religion worldwide
  3. the rule of one nation over another
  4. automation of agriculture
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Correct answer: A. the rapid integration of economies through trade, investment and movement of people

1. Globalisation is the integration of national economies through cross-border flows. 2. These include trade, investment, technology, labour and ideas. 3. It is the dominant economic trend since the 1990s. _Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_

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Multinational Corporations (MNCs) are companies that

  1. operate only in their home country
  2. own or control production in more than one country
  3. produce only for export
  4. trade only in agricultural goods
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Correct answer: B. own or control production in more than one country

1. MNCs own or control production facilities in more than one country. 2. They invest where land, labour and other resources are cheaper. 3. Examples: Toyota, Cargill, Coca-Cola, Samsung. _Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_

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Foreign trade refers to

  1. trade between firms within the same country
  2. internal smuggling
  3. exchange of goods and services across national boundaries
  4. movement of goods within a state
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Correct answer: C. exchange of goods and services across national boundaries

1. Foreign trade = exchange of goods and services across borders. 2. Imports = goods bought from abroad; exports = goods sold abroad. 3. Foreign trade integrates markets of different countries. _Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_

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More Economics topics

Sectors of the Indian EconomyMoney and CreditConsumer RightsCurrent AffairsDevelopmentIndian PolityOrganisationsGlobalisation