Class 10 Economics MCQs. 2019-2020

ST.

FROEBEL SENIOR SECONDARY SCHOOL

A-3 BLOCK, PASCHIM VIHAR, NEW DELHI-110063
SUB: - Social Science Name of the Student_______________

CLASS – X Roll No.____________________
Economics MCQs.
Chapter 1 Development
1. In order to get more income people need
a) Regular Work b) Decent price for their crops c) Better wages d) All of these
2. Things like equal treatment, freedom, security and respect o others are:
a) Material Things b) Non- Material Things c) Income d) Growth
3. National Development refers to
a) Equality b) Employment c) Democratic d) Development of all

sections
4. Per Capita Income refers to:
a) Whole Income b) National Income c) Average Income d) None of these
5. BMI stands for what:
a) Body Mass Index b) Bureau Mass Index c) Below Measure Index d) None of these
6. Literacy measure the proportion of literate population in the _____ age group
a) 5 and above b) 6 and above c) 7 and above d) 8 and above
7. In HDI letter D stands for
a) Development b) Decision c) Develop d) Delimitation

8. Sustainable Development takes care of the present and ____________
a) Society b) Past c) Future d) Community
9. National Income refers to:
a) Sum of all the factor incomes b) Wages c) Rent d) Interest
10. Economic Growth plus change means
a) Economic Development b) Sustainable Development c) National Income d) None of

these
Chapter 2 Sectors of Indian Economy
1. People are engaged in________ to produce goods and services.
a) Work b) Income c) Growth d) Economic activities
2. Primary Sector is also known as
a) Agriculture and its related activities b) Agriculture c) Economy d) Dairy
3. Secondary Sector is also known as
a)Industrial Sector b) manufacturing c) Restructuring d) None of these
4. Tertiary Sector is also known as
a) Service Sector b) Hotel and restaurant c) Trade d) None of these
5. Biscuits for the consumers in the market is a ____________
a) Final Good b) Intermediate Good c) Good d) Service
6. In GDP, the letter D stands for
a) Domestic b) Depression c) Development d) Deduction

7. From 1973 to 2003 which of the following sector has grown considerably:
a) Tertiary b) Secondary c) Agriculture d) None
8. Under Employed people are found in _____________
a) Agriculture b) Industry c) Service d) None of these
9. The Share of tertiary sector to the GDP has increased but the contribution of which sector to
employment is highest at present _________________
a) Primary b) Secondary c) Tertiary d) None of these
10. Under the national rural employment guarantee Act 2005, work has been guaranteed for
_____ days.
a) 100 b) 200 c) 300 d) 400
Chapter 3 Money and Credit
1. Double coincidence of wants is a feature of___________
a) Money b) Market c) Economy d) Barter System of Exchange
2. Money acts as an intermediate in the exchange process hence it is called a ___________.
a) Store of value b) Medium of Exchange c) Standard of measurement d) None of these
3. The Modern Currency is accepted as medium of exchange because the currency is ______ by
the government of the country.
a) Managed b) Authorized c) Owned d) Controlled
4. In India who issues the currency notes on the behalf of the central government?
a) Reserve Bank of India b) State bank of India c) Finance Minister of India d) None
5. A cheque is a paper ___________ the bank to pay a specific amount from the persons account
to the person in whose name the cheque has been made.
a) Instructing b) Authorising c) Permitting d) Guaranteeing
6. Credit (Loan) refers to an agreement in which the lender supplies the borrower with money,
goods or service in return for the promise of ______________
a) Future Payment b) No payment c) Payment made d) Security
7. Collateral is an asset that the borrower owns such as land, building, vehicle, live stocks and
______
a) Money b) Gold c) Bank d) Deposits with Banks
8. Banks and Cooperative Sector are included in which sector loan?
a) Formal Sector b) Informal sector c) Credit sector d) Savings sector
9. Self- Help Groups help the women and the rural poor to become _________self reliant
a) Financially b) Industrially c) Agriculturally d) occasionally
10. Grameen bank of Bangladesh is founded by:
a) Prof. M. Yunis b) Prof. A. Sen. c) Dr MM Singh d) MS. T . Nasreen
Chapter 4 Globalization and Indian Economy
1. In the concept MNCs what is N?
a) Notion b) Name c) National d) Need
2. An MNC is a company that owns or control production in more than ________ nation.
a) One b) Two c) Three d) Four

3. Globalisation means ___________________ the domestic economy to the rest of the world.
a) Disintegration b) Opening up c) Inviting d) Degrading
4. Foreign Trade means ____________ countries.
a) In b) Between c) Of d) Relation
5. Globalisataion is the process of rapid integration or _________________ between countries.
a) Interconnection b) Inter location c) Intralocation d) interdisciplinary
6. Information and communication technology has been a major factor for the process of
a) Globalization b) Growth c) Economy d) Generation
7. Tax on import is an example of ____________________
a) Growth impediment b) Trade barrier c) Foreign Trade d) None
8. Removing barriers or restrictions set by the government is known as
a) Liberalisation b) Privatisation c) Globalisation d) None
9. What came into existence in 1991?
a) GATT b) World trade Organisation c) New Economic Policy d) None
10. World trade organisation aim is to liberalise__________
a) International trade b) Domestic trade c) Trade d) None
11. SEZs Stands for ________________
a) Special Electricity Zones b) Sothern Electricity Zones c) Special Economic Zones
d) None

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ST.

FROEBEL SENIOR SECONDARY SCHOOL

SUB: - Social Science Name of the Student_______________

CLASS – X Roll No.____________________

1. In order to get more income people need

a) Material Things b) Non- Material Things c) Income d) Growth

3. National Development refers to

a) Equality b) Employment c) Democratic d) Development of all

4. Per Capita Income refers to:

a) Whole Income b) National Income c) Average Income d) None of these

5. BMI stands for what:

a) 5 and above b) 6 and above c) 7 and above d) 8 and above

7. In HDI letter D stands for

a) Development b) Decision c) Develop d) Delimitation

a) Society b) Past c) Future d) Community

9. National Income refers to:

a) Sum of all the factor incomes b) Wages c) Rent d) Interest

10. Economic Growth plus change means

a) Economic Development b) Sustainable Development c) National Income d) None of

Chapter 2 Sectors of Indian Economy

1. People are engaged in________ to produce goods and services.

a) Work b) Income c) Growth d) Economic activities

2. Primary Sector is also known as

a) Agriculture and its related activities b) Agriculture c) Economy d) Dairy

3. Secondary Sector is also known as

a)Industrial Sector b) manufacturing c) Restructuring d) None of these

4. Tertiary Sector is also known as

a) Service Sector b) Hotel and restaurant c) Trade d) None of these

5. Biscuits for the consumers in the market is a ____________

a) Final Good b) Intermediate Good c) Good d) Service

6. In GDP, the letter D stands for

a) Domestic b) Depression c) Development d) Deduction

a) Tertiary b) Secondary c) Agriculture d) None

8. Under Employed people are found in _____________

a) Agriculture b) Industry c) Service d) None of these

a) Primary b) Secondary c) Tertiary d) None of these

a) 100 b) 200 c) 300 d) 400

Chapter 3 Money and Credit

1. Double coincidence of wants is a feature of___________

a) Money b) Market c) Economy d) Barter System of Exchange

2. Money acts as an intermediate in the exchange process hence it is called a ___________.

a) Store of value b) Medium of Exchange c) Standard of measurement d) None of these

a) Managed b) Authorized c) Owned d) Controlled

a) Instructing b) Authorising c) Permitting d) Guaranteeing

a) Future Payment b) No payment c) Payment made d) Security

a) Money b) Gold c) Bank d) Deposits with Banks

8. Banks and Cooperative Sector are included in which sector loan?

a) Formal Sector b) Informal sector c) Credit sector d) Savings sector

a) Financially b) Industrially c) Agriculturally d) occasionally

10. Grameen bank of Bangladesh is founded by:

a) Prof. M. Yunis b) Prof. A. Sen. c) Dr MM Singh d) MS. T . Nasreen

Chapter 4 Globalization and Indian Economy

1. In the concept MNCs what is N?

a) Notion b) Name c) National d) Need

a) One b) Two c) Three d) Four

a) Disintegration b) Opening up c) Inviting d) Degrading

4. Foreign Trade means ____________ countries.

5. Globalisataion is the process of rapid integration or _________________ between countries.

a) Interconnection b) Inter location c) Intralocation d) interdisciplinary