This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 10 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What mechanism did China use heavily with its Open Door Policy to encourage FDI? A) Neo liberalism initiatives. B) Set up of Special Economic Zones. C) Outsourcing policy development. D) Reduction of trade quotas. Show Answer Correct Answer: B) Set up of Special Economic Zones. 2. Which of the following is NOT a benefit of GST? A) Eliminates tax on tax. B) Regularises the unorganised sector. C) Increases the cost of goods. D) Speeds up taxation procedures. Show Answer Correct Answer: C) Increases the cost of goods. 3. Coca-Cola, Sony Playstations, and McDonald's hamburgers are all examples of A) National products. B) Industrial products. C) Global products. D) American products. Show Answer Correct Answer: C) Global products. 4. Which of the following is not an element of fiscal reforms? A) Taxation reforms. B) Public expenditure reforms. C) Change in interest rate. D) Control on public debt. Show Answer Correct Answer: C) Change in interest rate. 5. The most important factor that enables globalisation is A) Advancement in technology. B) Narrow Industrial Policies. C) Orthodox Foreign Trade Policy. D) Government controls and restrictions. Show Answer Correct Answer: A) Advancement in technology. 6. Which of the following organisations lay stress on liberalisation of foreign trade and foreign investment? A) International Monetary Fund. B) International Labour Organisation. C) World Health Organsation. D) World Trade Organisation. Show Answer Correct Answer: D) World Trade Organisation. 7. Economic liberalisation was a bold decision by the prime minister ..... A) Narshimha rao. B) Rajiv Gandhi. C) Atal bihari bajpai. D) Manmohan Singh. Show Answer Correct Answer: A) Narshimha rao. 8. What are some positive effects of Globalisation? A) Increased freedom to travel and immigrate, better access to medicine, information, and technology. B) Lower prices for developed countries and low paying jobs in underdeveloped countries. C) Less pollution in the world. D) All of the above. Show Answer Correct Answer: A) Increased freedom to travel and immigrate, better access to medicine, information, and technology. 9. What is one of the objectives of the measures adopted for globalisation? A) Reduction of employment potential. B) Higher rate of growth. C) Increased regional disparities. D) Decreased foreign investment. Show Answer Correct Answer: B) Higher rate of growth. 10. Famous singers and actors, going n tours everywhere: A) Economic globalisation. B) Political globalisation. C) Cultural globalisation. D) None of the above. Show Answer Correct Answer: C) Cultural globalisation. 11. The food is excellent-the chef ..... on using only the freshest ingredients. A) Criticises. B) Insists. C) Chooses. D) Discounts. Show Answer Correct Answer: B) Insists. 12. TRUE OR FALSE:By removing or lowering tariffs, high prices are implemented on imported goods and the consumers benefits largely on lower cost. A) TRUE. B) FALSE. C) I DO NOT KNOW. D) None of the above. Show Answer Correct Answer: B) FALSE. 13. According to CNN, the United States receives 80% of its avocados from Mexico. Mexico receives most of its auto parts from the United States. This is an example of the following. A) Interdependence. B) Supply and demand. C) Infrastructure. D) Globalization. Show Answer Correct Answer: A) Interdependence. 14. Privatization of a company enhances the following except A) Staff training. B) Staff welfare. C) Government continues to bear large running cost. D) Profit maximization. Show Answer Correct Answer: C) Government continues to bear large running cost. 15. The headquarters of WTO is located in A) Dubai, UAE. B) Istanbul, Turkey. C) Geneva, Switzerland. D) Paris, France. Show Answer Correct Answer: C) Geneva, Switzerland. 16. Which of the following is not a feature of MNC? A) It owns/controls production inn more than one country. B) It sets up factories where it is closed to the market. C) It organises production in complex ways. D) It employs labour only from its own country. Show Answer Correct Answer: D) It employs labour only from its own country. 17. Colonial advent in India A) Portuguese, Dutch, English, Danish, French. B) Dutch, English, Danish, French. C) Portuguese, Danish, Dutch, French, English. D) Danish, Portuguese, French, English, Dutch. Show Answer Correct Answer: A) Portuguese, Dutch, English, Danish, French. 18. Does liberalisation leads to the weakening of economy? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 19. FDI (Foreign Direct Investment) attracted by globalisation in India belongs to the A) World Bank. B) Multinationals. C) Foreign governments. D) None of the above. Show Answer Correct Answer: B) Multinationals. 20. A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports). A) Free Trade. B) Trade. C) Goods. D) Supply and Demand. Show Answer Correct Answer: A) Free Trade. 21. Full form of SEZ A) Special entrance zone. B) Special Economic Zone. C) Special eco zone. D) Special eecentric zone. Show Answer Correct Answer: B) Special Economic Zone. 22. ..... means movement or shift of people from one place to another . A) Migration. B) Liberalisation. C) Globalisation. D) Privatisation. Show Answer Correct Answer: A) Migration. 23. Which of the following contributes to globalisation? A) Internal trade. B) External trade. C) Large scale trade. D) Small scale trade. Show Answer Correct Answer: B) External trade. 24. What is a consequence of increasing competition in the market? A) Companies can raise prices without concern. B) Companies can operate without accountability. C) Companies can ignore customer needs. D) Companies must improve their performance. Show Answer Correct Answer: D) Companies must improve their performance. 25. Multinational corporations have succeeded in entering global markets through A) WTO. B) UNO. C) UNESCO. D) None of the above. Show Answer Correct Answer: A) WTO. ← PreviousNext →Related QuizzesClass 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 1Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 2Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 3Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 4Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 5Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 6Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 7Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 8Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 9Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books