Page 119 - Understanding Economics for Class 10

4. What does this symbol indicates?
(a) United Nations
(b) Special Economic Zones
(c) World Trade Organization
(d) International Monetary Fund
Goyal Brothers Prakashan
Ans. (c) World Trade Organization
5. Choose the incorrect option from the following:
(a) The parent of an MNC is always located in one country and its subsidiaries in others.
(b) The NEP was a result of failures in Government policy before the same.
(c) Liberalization is removing unwanted government controls and restrictions.
(d) WTO was set up in 1992 in Geneva (Switzerland)
Ans. (d) WTO was set up in 1992 in Geneva (Switzerland)

6. Choose the incorrect option from the following:
(a) The function of WTO is to monitor trade agreements.
(b) The function of WTO is to handle trade disputes.
(c) The function of WTO is to provide loans to countries at the time of economic crisis.
(d) The function of WTO is to provide technical assistance to developing countries.
Ans. (c) The function of WTO is to provide loans to countries at the time of economic crisis.

7. Match the following:

Column I Column II
1. Liberalisation (i) Investment made by MNCs
2. Globalisation (ii) A company that owns or controls production in more than
one nation.
3. Foreign Investment (iii) Process of rapid integration or interconnection between countries.
4. Multinationals (iv) removing barriers or restrictions set by the government
(a) 1. – (i), 2. – (ii), 3. – (iii), 4. – (iv) (b) 1. – (iv), 2. – (iii), 3. – (i), 4. – (ii)
(c) 1. – (iv), 2. – (ii), 3. – (i), 4. – (iii) (d) 1. – (iii), 2. – (iv), 3. – (ii), 4. – (i)
Ans. (b) 1. – (iv), 2. – (iii), 3. – (i), 4. – (ii)

8. __________ provides the advantage of being a cheap manufacturing location.
(a) China (b) Japan
(c) South Korea (d) None of the above
Ans. (a) China

9. The products are supplied to the MNCs, which then sell them under their own brand names
to the customers. These large MNCs have tremendous power to determine the _________.
(a) Price (b) Quality
(c) Labour conditions for these distant producers (d) All of the above
Ans. (d) All of the above

10. When Ford established its manufacturing plant in India, it collaborated with _______.
(a) Hero Motors (b) Maruti Suzuki
(c) Tata Motors (d) Mahindra & Mahindra
Ans. (d) Mahindra & Mahindra

For More MCQ’s scan this Qr Code

Economics Class X E-105