Globalisation and the Indian Economy Class 10 MCQ. We covered all the Globalisation and the Indian Economy Class 10 MCQ in this post for free so that you can practice well for the exam.
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Globalisation and the Indian Economy Class 10 Objective MCQ for Students
The inflation experienced in the country at present is:
(a) galloping inflation
(b) secondary inflation
(c) unrealistic inflation
(d) cost-push inflation
Option d – cost-push inflation
Of the various ways of financing the government’s investment expenditure, the least inflationary is:
(a) foreign aid
(b) deficit financing
(c) taxation
(d) public borrowing
Option c – taxation
A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:
(a) inflation
(b) hyper-inflation
(c) deflation
(d) disinflation
Option b – hyper-inflation
A high rate of inflation tends to worsen the balance of payments because:
(a) prices of imported goods rise
(b) prices of exported goods rise making exports less competitive
(c) prices of imported goods fall and hence more is imported
(d) prices of exported goods fall and hence less amount is obtained in terms of foreign exchange
Option b – prices of exported goods rise making exports less competitive
The effect of inflation on tax revenue results in a situation known as:
(a) stagflation
(b) fiscaldrag
(c) reflation
(d) disinflation
Option b – fiscaldrag
Inflation is caused as a result of:
(a) increase in the money supply
(b) fall in production
(c) increase in money supply without a corresponding increase in production
(d) decrease in money supply without a corresponding decrease in production
Option c – increase in money supply without a corresponding increase in production
Which of the following accounts for Cost-Push Inflation?
(a) Increase in money supply
(b) Increase in indirect taxation
(c) Increase in population
(d) Increase in non-plan expenditure
Option b – Increase in indirect taxation
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