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 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 12 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A negative impact of globalisation on the Caribbean is that it A) Threatens the sovereignty of states. B) Increases the arrivals of tourists. C) Causes migration of citizens and increases remittances. D) Allows for quicker communication amongst the islands. Show Answer Correct Answer: A) Threatens the sovereignty of states. 2. Sustainable tourism CANNOT be encouraged by utilizing A) Solar water heating. B) Natural ventilation and lighting. C) Environmental training for staff. D) The coastline for the building ofhotels. Show Answer Correct Answer: D) The coastline for the building ofhotels. 3. Sending goods to another country to sell. A) Import. B) Export. C) All the above. D) None of the above. Show Answer Correct Answer: B) Export. 4. Which of the following factor hinders development in the Caribbean? A) Cultural preservation. B) Regional integration. C) Improved educational standards. D) Lack of confidence in local products. Show Answer Correct Answer: D) Lack of confidence in local products. 5. MNCs set up production in various countries based on the following factors: A) Money, close to market, skilled labour. B) Cheap labour, close to market, money. C) Skilled and unskilled people, cheap labour, close to market. D) Cheap labour, far from market, skilled labour. Show Answer Correct Answer: C) Skilled and unskilled people, cheap labour, close to market. 6. Students get a 10% ..... on meals when they show their ID cards. A) Identity. B) Freshness. C) Selling point. D) Discount. Show Answer Correct Answer: D) Discount. 7. Who was the prime minister in 1984 A) Rajiv Gandhi. B) Indira Gandhi. C) Morarji Desai. D) None of the above. Show Answer Correct Answer: A) Rajiv Gandhi. 8. The term ..... refers to freedom to business enterprises from excessive government control . A) Privatization. B) Liberalization. C) Globalization. D) Disinvestment. Show Answer Correct Answer: B) Liberalization. 9. Integrating the economy of a country with the economies of other countries is known as: A) Liberalisation. B) Globalisation. C) Privatisation. D) None of these. Show Answer Correct Answer: B) Globalisation. 10. The term ..... implies reduction in the role of public sector and increase in the role of private sector in business and non-business activities . A) Privatization. B) Liberalization. C) Globalization. D) Disinvestment. Show Answer Correct Answer: A) Privatization. 11. Privatisation success depends upon A) A well developed money markets. B) An efficient government. C) Well developed capital markets. D) RBI's actions. Show Answer Correct Answer: C) Well developed capital markets. 12. Examples of industries where production is carried out by a large number of small producers around the world. A) Garments. B) Footwear. C) Sports items. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. What is the aim of the WTO? A) To established trade blocks. B) To favor developing countries only. C) To promote free trade around the globe. D) None of these. Show Answer Correct Answer: C) To promote free trade around the globe. 14. Which of the following is not a driver of globalization? A) Reduction in Trade tariffs. B) Increasing government intervention. C) Declining trade and investment barriers. D) Technological change. Show Answer Correct Answer: B) Increasing government intervention. 15. What was the percentage expansion of capital in the top 500 private sector companies from 1992-93 to 1994-95? A) 50%. B) 68%. C) 75%. D) 60%. Show Answer Correct Answer: B) 68%. 16. Financial Sector does not include A) Investment banks. B) Parliamentary operations. C) Stock exchange operations. D) Foreign exchange market. Show Answer Correct Answer: B) Parliamentary operations. 17. The following ideologies facilitate globalisation EXCEPT A) Communism. B) Capitalism. C) Democracy. D) Liberalism. Show Answer Correct Answer: A) Communism. 18. Immigration can lead to people becoming mixed up about their sense of nationality. A) Studied. B) Confused. C) Removed. D) Separated. Show Answer Correct Answer: B) Confused. 19. Which one of the following is a negative consequence of globalisation for less-developed countries A) Enhanced cultural uniqueness. B) Skills transferred to domestic workers. C) Improved terms of trade. D) Wider income inequalities. Show Answer Correct Answer: D) Wider income inequalities. 20. Globalisation and competition among producers is beneficial to the government. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (money to assist an industry so prices can remain low). A) Free Trade. B) Trade War. C) Goods and Services. D) Supply and Demand. Show Answer Correct Answer: A) Free Trade. 22. What is one of the main effects of globalisation on local businesses? A) Isolation from international markets. B) Increased competition from foreign firms. C) Stagnation in growth opportunities. D) Reduction in consumer choices. Show Answer Correct Answer: B) Increased competition from foreign firms. 23. Which of the following factor is NOT responsible for the acceleration of globalisation? A) Transport Systems. B) Trade agreements such as those established by the WTO. C) Communication Systems. D) The increase of unemployment. Show Answer Correct Answer: D) The increase of unemployment. 24. Which has played a big role in spreading globalisation? A) A-Information technology (IT). B) B-Transport technology. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). 25. Which one of the following is the Impact of Liberalisation? A) Economic Collapse. B) Cultural Collapse. C) Increasing Inequalities. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books