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Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 5 (60 MCQs)

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1. Which among the following is not a cause of globalization?
2. Licensing (as in case of liquor) is necessary for the .....
3. The KOF index is comprised of a number of different factors including economic and political globalisation. What is the third factor it uses?
4. ..... owns or controls production in more than one nation.
5. Reasons of privatisation are
6. What impact did government policy changes have on technology?
7. Globalization is not supported by
8. Political globalisation organism:
9. The trend away from distinct national economic units and toward one huge global market is known as
10. Transnational corporations:
11. When government encourages more outsourcing in an economy, it is essentially looking forward to:-
12. What was the major reason for establishing the planning commission and emphasis on industrialisation?
13. The following are advantages of globalization, EXCEPT:
14. The growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information is the .....
15. As per the financial sector reform, the role of RBI was reduced from regulator to ..... of financial sector.
16. How has China and India benefited from globalisation?
17. The common practice among TNCs of moving low-skilled work abroad to places where labour costs are low, whilst higher income and senior managers remain in their HQ countries is known as what .....
18. Integrating the domestic economy with the world economy is called .....
19. The International Monetary Fund often lends money with strict financial conditions that allow private companies access to invest / take ownership of key infrastructure projects in lower income countries. This arrangement is also known as .....
20. One disadvantage of globalisation:
21. A negative impact of globalisation on the Caribbean is that it
22. Sustainable tourism CANNOT be encouraged by utilizing
23. Sending goods to another country to sell.
24. Which of the following factor hinders development in the Caribbean?
25. MNCs set up production in various countries based on the following factors:
26. Students get a 10% ..... on meals when they show their ID cards.
27. Who was the prime minister in 1984
28. The term ..... refers to freedom to business enterprises from excessive government control .
29. Integrating the economy of a country with the economies of other countries is known as:
30. The term ..... implies reduction in the role of public sector and increase in the role of private sector in business and non-business activities .
31. Privatisation success depends upon
32. Examples of industries where production is carried out by a large number of small producers around the world.
33. What is the aim of the WTO?
34. Which of the following is not a driver of globalization?
35. What was the percentage expansion of capital in the top 500 private sector companies from 1992-93 to 1994-95?
36. Financial Sector does not include
37. The following ideologies facilitate globalisation EXCEPT
38. Immigration can lead to people becoming mixed up about their sense of nationality.
39. Which one of the following is a negative consequence of globalisation for less-developed countries
40. Globalisation and competition among producers is beneficial to the government.
41. What is one of the main effects of globalisation on local businesses?
42. Which of the following factor is NOT responsible for the acceleration of globalisation?
43. Which has played a big role in spreading globalisation?
44. Which one of the following is the Impact of Liberalisation?
45. Globalisation is viewed by many as a threat to the world's cultural diversity. It is feared it might drown out local economies, traditions and languages and simply re-cast the whole world in the mould of the capitalist North and West e.g. the Americanisation of the world.
46. Which of these is an example of economic changes in the global context?
47. Which region is not a SEZ in China?
48. In 2016 Chinese ..... flooded global markets at very low prices, causing many UK companies to close.
49. The policy of "Atmanirbhar Bharat" will reduce the adverse effect of ..... on Indian economy.
50. Which of the following is a Public sector industry?
51. The comparative advantage encouraged by the globalization, brings these effects to the society:
52. From the following options which are the important advantages of privatization?
53. The sharing of ideas, experiences and lifestyles of people and cultures. People can experience foods, entertainment previously unavailable in their countries. For example globalisation has caused Indian and Chinese food to be hugely popular in the UK and other western European countries.
54. Quantitative restrictions on import of goods is called .....
55. What does TNC stand for?
56. Academics have been looking into the implications of globalisation for many years.
57. Liberalisation implies:
58. WTO is an organisation under the
59. Factories or other aspects of industry or business are relocated to a place that is cheaper to do business.
60. The ..... sector is known to be the backbone of the Indian economy with an employment of ..... % of the population
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