Start learning →

CBSE Class 10 Economic Development & Banking — practice questions — page 11

Explore 404 free Economic Development & Banking questions in CBSE Class 10 Social Science. Open each question or exercise to read its content, reference answers and available explanation.

Practise Economic Development & Banking with Quill →

Economic Development & Banking questions and exercises with answers

Showing questions 301–330 of 404.

Which two firms left India in the 1970s when MNCs had to partner Indian firms?Read the answer and worked solution →Why do MNCs often like to set up production close to markets?Read the answer and worked solution →Which kind of Indian firm gained when MNC investment created demand for raw materials?Read the answer and worked solution →Cotton farming and dairy work belong to which sector?Read the answer and worked solution →Why is the primary sector called primary?Read the answer and worked solution →Spinning yarn and weaving cloth from cotton fibre belongs to which sector?Read the answer and worked solution →Which is another name for the secondary sector?Read the answer and worked solution →Making sugar or gur from sugarcane is which kind of activity?Read the answer and worked solution →Which of these is a tertiary sector activity?Read the answer and worked solution →Call centres and software companies belong to which sector?Read the answer and worked solution →Teachers, doctors, barbers and lawyers are part of which sector?Read the answer and worked solution →Cotton is a primary product. What kind of product is cloth?Read the answer and worked solution →If farmers refuse to sell sugarcane to a sugar mill, what happens?Read the answer and worked solution →What happens to a farmer's profit if fertiliser prices go up?Read the answer and worked solution →A lorry strike stops vegetables and milk leaving villages. What follows?Read the answer and worked solution →Why do economists add values rather than numbers of goods?Read the answer and worked solution →A farmer sells 12,000 kg of wheat at Rs 20 per kg. What is its value?Read the answer and worked solution →4,000 coconuts are sold at Rs 15 each. What is their total value?Read the answer and worked solution →Why are only final goods and services counted in total production?Read the answer and worked solution →Flour bought by a biscuit company to make biscuits is what kind of good?Read the answer and worked solution →Which statement describes intermediate goods?Read the answer and worked solution →Why did India begin reporting sector contributions as GVA?Read the answer and worked solution →In the early stages of development of many countries, which sector was most important?Read the answer and worked solution →What made the secondary sector most important over time?Read the answer and worked solution →In developed countries, which sector has become most important in recent times?Read the answer and worked solution →In 2017-18, which was the largest producing sector in India?Read the answer and worked solution →Why must government provide hospitals and courts in poor countries?Read the answer and worked solution →How does growth of farming and industry help the service sector?Read the answer and worked solution →Rising incomes raise demand for which services?Read the answer and worked solution →Why do some people work as small shopkeepers or repair persons?Read the answer and worked solution →

Worked practice questions

Which two firms left India in the 1970s when MNCs had to partner Indian firms?

  1. Coca-Cola and IBM
  2. Ford and Nokia
  3. Nike and Honda
  4. Pepsi and Sony
Show answer and solution

Correct answer: A. Coca-Cola and IBM

The partner-with-Indian-firms rule reduced foreign investment and led Coca-Cola and IBM to leave, and they returned after reforms.

Open this question →

Why do MNCs often like to set up production close to markets?

  1. To reach buyers easily
  2. To avoid customers
  3. To pay higher wages
  4. To break supply links
Show answer and solution

Correct answer: A. To reach buyers easily

Nearness to markets, cheap labour and assured factors of production attract MNCs to a location.

Open this question →

Which kind of Indian firm gained when MNC investment created demand for raw materials?

  1. Local suppliers
  2. Moneylenders
  3. Landlords
  4. Retired traders
Show answer and solution

Correct answer: A. Local suppliers

Local companies that supply raw materials to MNC-linked industries prospered along with new jobs.

Open this question →

How to practise

  1. Choose a Economic Development & Banking question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

Put it into practice

Continue with Economic Development & Banking practice for CBSE Class 10. Read explanations as you go. No signup form needed to start.

Practise Economic Development & Banking →

More Social Science topics

Resources, Agriculture & MineralsPower Sharing and FederalismNationalism in India & EuropeGlobal World & IndustrialisationPrint Culture and Modern World