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Class 10 · Social Science · Understanding Economic Development

4. Globalisation and the Indian Economy

Chapter test

Practise 5 questions from this chapter

Timed, with answers, explanations and where your marks went.

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Try question 1

A multinational corporation (MNC) is a company that

Answer and explanation

Answer: B. owns or controls production in more than one country

MNCs set up factories and offices where costs and markets suit them.

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Try question 2

Removing barriers or restrictions set by the government on trade is called

Answer and explanation

Answer: B. liberalisation

India liberalised trade and investment from 1991.

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Try question 3

The main aim of the World Trade Organisation (WTO) is to

Answer and explanation

Answer: A. liberalise international trade

The WTO sets rules for trade between countries.

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All 5 questions of this chapter, with explanations →