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Globalization and the Indian Economy #34 NCERT X

Total questions: 16

Worksheet time: 8mins

Name
Class
Date
1.

Which of the following are not modern forms of money?

a)

Currency notes

b)

Gold Seals

c)

Metallic coins

d)

None of these

2.

Because money acts as an intermediate in the exchange process, it is also called

a)

value for money

b)

exchange value

c)

a medium of exchange

d)

foreign exchange

3.

In rural areas, farmers takes credit for which main purpose?

a)

Their family expense

b)

Education of their children

c)

Healthcare facilities

d)

Crop production

4.

Direct exchange of goods against goods without use of money is known as_____

a)

money system

b)

debt trap

c)

barter system

d)

fair exchange

5.

Removing restrictions on foreign trade and foreign investment is known as ____

a)

taxation

b)

relaxation

c)

liberalisation

d)

globalization

6.

_________ is not a feature of a MNC.

a)

owning/controlling production in more than one nation.

b)

Employing labor only from its own country

c)

Setting up factories so that they are close to market

d)

Organizing production in complex ways

7.

Till which time period, production was organized within the countries?

a)

Middle of the twentieth century

b)

End of twentieth century

c)

Starting of twentieth century

d)

till nineteenth century

8.

In the earlier times, trade considered of which of the following?

a)

finished goods

b)

Raw materials

c)

food stuffs

d)

All of those

9.

The money spend on buying assets such as land, buildings, machinery etc. is known as

a)

capital

b)

rent

c)

investment

d)

production

10.

A company that owns or control production in more than one country is called

a)

big company

b)

international company

c)

foreign company

d)

Multinational company

11.

The reason due to which multinational companies setup their branches in other countries is

a)

cheap labor and resources

b)

welfare motive

c)

to generate employment

d)

to generate income

12.

Enabling producers of one country to sell their goods in other countries is known as

a)

globalization

b)

trade

c)

foreign trade

d)

international trade

13.

Foreign trade gives more number of choices for

a)

producers

b)

sellors

c)

buyers

d)

government

14.

When did the Bhartiye Government introduced a policy of liberalization known as "New Economic Policy"?

a)

1980

b)

2000

c)

1994

d)

1991

15.

In the competition between Bhartiye and Chinese toys in Indian markets, China proved better because of

a)

low price and variety

b)

good shape

c)

trade relations

d)

high price and quality

16.

To check the free flow of Chinese goods in the Bhartiye markets, what the Bhartiye Government can do?

a)

Ban trade with China

b)

Impose tax on imports

c)

Impose tax on exports

d)

Complain to UNO