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CBSE Class 10 Economics MCQs-All Chapters
CBSE Class 10 Economics MCQs-All Chapters
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6. Credit(loan) refers to an agreement in which the lender supplies the borrower with
money, goods or services in return for the promise of ………………………..
a. Future payment c. No payment
b. Payment made d. Security
7. Collateral is an asset that the borrower owns such as land,building,vehicle, live
stocks and …………………..
a. Money c. Gold
b. Deposits with banks d. Bank
8. Banks and Cooperative sector are included in which sector loan?
a. Formal sector c. Credit sector
b. In-formal sector d. Savings sector
9. Self-Help Groups help the women and rural poor to become …………………. Self-
reliant.
a. Financially c. Agriculturally
b. Industrially d. Occasionally
10. Grameen Bank of Bangladesh is founded by…………………………..
a. Prof.M. Yunis
b. Prof. A. Sen
c. Dr M.M.Singh
d. Ms T.Nasreen
3. Globalisation means …………….. the domestic economy to the rest of the world.
a. Disintegration c. Inviting
b. Opening up d. Degrading
4. Foreign trade means trade …………………. countries.
a. In c. Of
b. Between d. Relation
5. Globalisation is the process of rapid integration or ……………………………… between
countries.
a. Interconnection c. Inter-location
b. Interdisciplinary d. Intra-location
6. Information and communication technology has been a major factor for the process
of………………….
a. Globalisation c. Growth
b. Generation d. Economy
7. Removing barriers or restrictions set by the government is known as……………………
a. Liberalisation c. Globalisation
b. Privatisation d. None
8. Tax on import is an example of ……………………
a. Growth impediment c. Foreign trade
b. Trade barrier d. None
9. What came into existence in 1991?
a. New Economic policy c. GATT
b. World Trade Organisation d. None
10. World Trade Organisation’s aim is to liberalise …………………………………
a. International Trade c. Trade
b. Domestic Trade d. None
11. SEZs stand for……………………
a. Special Electricity Zones
b. Southern Electricity Zones
c. Special Economic Zones
d. None