MCQ Questions for CBSE Class 10 Economics Quiz with Answers
Students can practice the MCQ Questions for Class 10 Economics to test their conceptual knowledge and improve in weak areas accordingly. CBSE Class 10th Economics Mock Test over here will improve your overall skills in the subject.
Multiple Choice Questions for Class 10th Economics Quiz with Answers
Practice using the Economics Grade 10 MCQ Questions Quiz by simply clicking on the conceptwise links mentioned below.
- Consumer Rights Class 10 Economics MCQ Questions
- Development Class 10 Economics MCQ Questions
- Globalisation And The Indian Economy Class 10 Economics MCQ Questions
- Money And Credit Class 10 Economics MCQ Questions
- Sectors Of The Indian Economy Class 10 Economics MCQ Questions
Consumer Rights Class 10 Economics MCQ Quiz
Consumer Rights Questions and Answers
| Consumer Rights Quiz Question | Answer |
|---|---|
| Which day is known as 'National Consumer's Day' ? | 24th December |
| Consumer must be provided with accurate information about quality, purity, price, quantity and the standard of the goods and services. What right of a consumer is this? |
Right to be informed |
| Which day of the following is celebrated as World Consumer Day? | 15th March |
| "Jago Grahak Jago" is an initiative towards _______________. | consumer education and awareness |
| When was COPRA enacted? | 1986 |
| What is the full form of BIS? | Bureau of Indian Standards |
| The state level consumer court deals in cases involving claims between ______ to _______ . | 20 lakhs, 1 crore |
| MRP of the product falls under the category of _____. | Right to information |
| What is the full form of MRP? | maximum retail price |
| Right to Information Act was enacted by the Government of India in _______. | October 2005 |
Development Class 10 Economics MCQ Quiz
Development Questions and Answers
| Development Quiz Question | Answer |
|---|---|
| Different persons have different aspirations about the development because __________. |
Life circumstances are different |
| Economic development by maintaining the natural resources for present and future use is known as ------------- | Sustainable development |
| Economic development of a region depends on ________________________. | All of the above |
| HDI stands for _______________. | Human Development Index |
| Agriculture contributes nearly _________ of the GDP in India. | 14% |
| The rise in per capita income in the Seventh Five Year Plan was _____. | 3.7% |
| Which of the following is a low-Income country? | South Africa |
| What is/are the major long-term objective/s of Indian planning? | All of these |
| Which of the following is a developed country? | America |
| Which one of the following statements appropriately describes the "fiscal stimulus"? | It is an intense affirmati ve action of the Government to boost economic activity in the country |
Globalisation And The Indian Economy Class 10 Economics MCQ Quiz
Globalisation And The Indian Economy Questions and Answers
| Globalisation And The Indian Economy Quiz Question | Answer |
|---|---|
| Which of the following refers to trade barrier in the context of WTO? I. Restrictions on domestic trade. II. Not allowing companies to do foreign trade beyond specific quantity. III. Restrictions on the import and export of goods. IV. Restrictions on the price fixed by companies. |
III and IV |
| State whether the following statements are True or False. Newspaper, magazines are means of mass communication. |
True |
| The most common route for investments by MNCs in countries around the world is to ___________. |
buy existing local companies |
| The first international earth summit was held in the year __________. | 1992 |
| What is the full form of $$NIEO$$? | New International Economic Order |
| Liberalization means _______. | removing trade barriers. |
| How can government of a country play a major role in making Globalization fairer? | All of them |
| Which of the following events led to a change in the world economy? | All of these |
| Which country has the largest share of FDI in India during the last decade? | Mauritius |
| In India, the first plant set up by Ford Motors was in ____________. | Chennai |
Money And Credit Class 10 Economics MCQ Quiz
Money And Credit Questions and Answers
| Money And Credit Quiz Question | Answer |
|---|---|
| _________ costs of borrowing increase the debt-burden. |
Higher |
| In rural areas farmers take credit for _____. | Crop production |
| First gold coins were introduced during the reign of _____. | Gupta |
| A 'debt trap' means _____. | not able to repay credit amount |
| Which of the following is the main source of credit for the rich household? | Formal Sector |
| Cheque is a _____. | optional money |
| Since money acts as an intermediate in the exchange process, it is called _____. | medium of exchange |
| What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh? | Grameen Bank |
| Formal sources of credit do not include _____. | employers |
| Modern forms of money include ________. | paper notes |
Sectors Of The Indian Economy Class 10 Economics MCQ Quiz
Sectors Of The Indian Economy Questions and Answers
| Sectors Of The Indian Economy Quiz Question | Answer |
|---|---|
| This kind of Underemployment is hidden in contrast to someone who does not have a job and is clearly visible as unemployed. It is also called _______ | Disguised unemployment |
| Employment in the service sector increased to the same extent as production. |
False |
| In terms of GDP the share of tertiary sector in 2003 is _________. |
between 50 per cent to 60 per cent |
| Which among the following statements is/are true about MGNREGA 2005? |
All of the above |
| It has been noted from the histories of many, now developed, countries that at initial stages of development ____________ sector was the most important sector of economic activity. |
Primary |
| The____________is characterized by small and scattered units which are largely outside the control of the government. | Unorganised Sector |
| The secondary sector is also called __________ | Industrial sector |
| Choose the odd one out from the following: | Tourist Guide |
| ___________ is the total sum of the value of the final goods and services of the Primary, Secondary and Tertiary sectors of the economy of a country produced during a year. |
Gross Domestic Product |
| Which of the following sector contributes the most towards the GDP in India? | Tertiary |
CBSE Class 10th Economics Sample Paper MCQ Questions with Answers
Free CBSE 10th Standard Economics Exam Mock Test will be of great help with all the concepts and subtopics in the subject. Identify your strengths and weaknesses by attempting the Social Science Economics Grade 10 Practice Questions and improve your scores in final exams. Get to know the Pattern of Questions that is being asked by solving the CBSE Class 10th Economics MCQ Quiz and build a stronger understanding of the subject.
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conclusion
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