Globalization and The Indian Economy Class 10 Assertion and Reason Type Questions have been prepared by CBSE Experts. Solve Assertion and Reason Questions for Class 10 Social Science Economics Chapter 4 Globalisation and The Indian Economy for better understanding. Assertion Reason question for class 10 Economics Chapter 4 is prepared on the latest exam pattern.
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Globalisation and The Indian Economy Class 10 Assertion and Reason Type Questions
Directions: Mark the option which is most suitable :
(A )If both assertion and reason are true and the reason is the correct explanation of assertion.
(B) If both assertion and reason are true but the reason is not the correct explanation of assertion.
(C) If an assertion is true but the reason is false.
(D) If both assertion and reason are false.
Q.1.Assertion: Global production has a complex structure.
Reason : Production of one good may take place in different parts of the world. For instance, equipment may be formed by combining components produced in different countries
Answer:(a) Both assertion and reason are true, and reason is the correct explanation of assertion
Q.2.Assertion:Local businesses may set up joint production process with MNCs and earn higher profits.
Reason : MNCs can provide money for additional investments, like buying new machines for faster production.
Answer:(a) Both assertion and reason are true, and reason is the correct explanation of assertion
Q.3.Assertion: MNCs can exert a strong influence on production at distant locations.
Reason : MNCs set up partnerships with local companies, use local companies for supplies, compete witnqhe local companies or buy them up.
Answer:(a) Both assertion and reason are true, and reason is the correct explanation of assertion
Q.4.Assertion: Foreign trade creates an opportunity for the producers to reach beyond the domestic markets.
Reason : Foreign trade expands the choice of goods beyond what is domestically produced.
Answer:(b) Both assertion and reason are true, but reason is not the correct explanation of assertion
Q.5.Assertion: Due to foreign trade, producers in different countries closely compete with each other.
Reason : Foreign trade leads to similar prices of good across boundaries, and the producers who do not offer competitive prices may lose the market share.
Answer:(a) Both assertion and reason are true, and reason is the correct explanation of assertion
Q.6.Assertion: Foreign trade and foreign investment results in disintegration of production across countries.
Reason : MNCs disrupt the production processes in domestic country.
Answer:(d) Both assertion and reason are false
Q.7.Assertion: Rapid improvement in technology has been one major factor that has stimulated the globalization process.
Reason : Developing countries are likely to become at par with developed countries in terms of technological development due to globalization.
Answer:(b) Both assertion and reason are true, but reason is not the correct explanation of assertion.
Q.8.Assertion: A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.
Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.
Answer:(d) Both assertion and reason are false
Q.9.Assertion: The removal of barriers to trade is known as liberalization.
Reason : federalization of trade allows businesses to freely decide which goods to import and export.
Answer:(b) Both assertion and reason are true, but reason is not the correct explanation of assertion.
Q.10.Assertion: Globalization leads to increased competition in international and domestic markets.
Reason : Globalization also makes the consumers better off as they have a wider variety of goods to choose from at lower prices.
Answer:(b) Both assertion and reason are true, but reason is not the correct explanation of assertion.
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