10TH CBSE ECONOMICS PREVIOUS YEAR MCQS TEST 2

CBSE Class 10 Social Science

Economics – PYQ Pattern MCQ Test

25 Questions | 25 Marks

Instructions:

• Attempt all 25 questions.
• Each question carries 1 mark.
• Submit the test to see your score.
• Correct answers will be displayed only after submission.

1. Which of the following is an important criterion used by the World Bank to classify countries?

A. Literacy rate B. Per capita income C. Infant mortality rate D. Life expectancy

2. Per capita income is calculated by dividing:

A. Total population by national income B. National income by total population C. Total exports by population D. Total savings by population

3. Which of the following is a non-income factor of development?

A. Equal treatment B. Higher income only C. Higher exports D. Greater production

4. The Human Development Report is published by:

A. World Bank B. IMF C. UNDP D. WTO

5. Which sector includes activities where natural products are directly obtained?

A. Primary sector B. Secondary sector C. Tertiary sector D. Organised sector

6. Which of the following is an example of the secondary sector?

A. Banking B. Manufacturing C. Fishing D. Transport

7. Which sector is also known as the service sector?

A. Primary sector B. Secondary sector C. Tertiary sector D. Agricultural sector

8. Disguised unemployment occurs when:

A. More people are engaged in a job than actually required B. Nobody is willing to work C. Workers receive high wages D. Workers work overtime

9. MGNREGA aims to provide guaranteed employment mainly in:

A. Urban areas B. Rural areas C. Industrial areas D. Metropolitan cities

10. Which sector consists of enterprises owned by individuals or private organisations?

A. Public sector B. Private sector C. Government sector D. Cooperative sector

11. What is the most important function of money?

A. Medium of exchange B. Means of production C. Source of employment D. Measure of population

12. Which of the following is considered a modern form of money?

A. Cattle B. Grains C. Currency D. Salt

13. Which of the following allows a person to make payments directly from a bank deposit?

A. Cheque B. Barter C. Gold coin D. Commodity exchange

14. Which institution supervises the formal sources of loans in India?

A. SEBI B. RBI C. WTO D. UNDP

15. Which of the following is a formal source of credit?

A. Moneylender B. Trader C. Commercial bank D. Relative

16. What is meant by collateral?

A. Interest charged on a loan B. An asset offered as security for a loan C. A type of bank account D. A form of income

17. Why do banks keep only a small proportion of deposits as cash?

A. To provide loans to borrowers B. To avoid accepting deposits C. To stop banking activities D. To increase taxes

18. Self-Help Groups mainly encourage poor households to:

A. Save and obtain loans collectively B. Avoid all forms of credit C. Depend only on moneylenders D. Stop saving money

19. Globalisation has resulted in:

A. Greater integration of production and markets B. Complete closure of international markets C. End of foreign investment D. Reduction in international trade

20. Which organisation establishes rules for international trade among countries?

A. RBI B. WTO C. UNDP D. SEBI

21. Which of the following has been an important factor in enabling globalisation?

A. Improvement in technology B. Reduction in communication C. Increase in trade barriers D. Ban on foreign investment

22. Investment made by a multinational company in another country is called:

A. Foreign investment B. Public investment C. Domestic saving D. Government expenditure

23. What is one major benefit of globalisation to consumers?

A. Fewer choices B. Greater choice of goods C. Complete elimination of competition D. Higher trade restrictions

24. Liberalisation means:

A. Removing or reducing restrictions on foreign trade B. Stopping imports completely C. Banning foreign companies D. Increasing trade barriers

25. Which of the following is a possible positive effect of increased competition due to globalisation?

A. Improvement in quality of products B. Complete removal of domestic producers C. End of all competition D. Reduction in consumer choice

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