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 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 13 (22 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. A) Cause. B) Positive Impact. C) Negative Impact. D) None of the above. Show Answer Correct Answer: B) Positive Impact. 2. Which of these is an example of economic changes in the global context? A) New £10 note. B) High street banks opening. C) Electronic banking. D) Saving accounts. Show Answer Correct Answer: C) Electronic banking. 3. Neolibralism A) Encourages government intervention in businesses. B) Encourages the use of tarrifs and quotas. C) Discourages government intervention in business. D) None of the above. Show Answer Correct Answer: C) Discourages government intervention in business. 4. Which region is not a SEZ in China? A) Qinghai. B) Pudong. C) Ningbo. D) None of the above. Show Answer Correct Answer: C) Ningbo. 5. In 2016 Chinese ..... flooded global markets at very low prices, causing many UK companies to close. A) Aluminium. B) Labour. C) Coal. D) Steel. Show Answer Correct Answer: D) Steel. 6. The policy of "Atmanirbhar Bharat" will reduce the adverse effect of ..... on Indian economy. A) Globalisation. B) Privatisation. C) Liberalisation. D) Outsourcing. Show Answer Correct Answer: A) Globalisation. 7. Which of the following is a Public sector industry? A) IPCL. B) BPCL. C) GAIL. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 8. The comparative advantage encouraged by the globalization, brings these effects to the society: A) Promotes economic growth. B) Lowers prices of goods and services. C) Makes production more efficient. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. From the following options which are the important advantages of privatization? A) Privatisation reduced the financial burden on government. B) It helped the government to improve the pace of economic development. C) It helped to the government to trim the size of administrative responsibility. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. 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. A) Cause. B) Positive Impact. C) Negative Impact. D) None of the above. Show Answer Correct Answer: B) Positive Impact. 11. Quantitative restrictions on import of goods is called ..... A) Quota. B) Tariff. C) Import Duty. D) Customs Duty. Show Answer Correct Answer: A) Quota. 12. What does TNC stand for? A) Trans national corporations. B) Trade nations conference. C) Trans national countries. D) Trial national cooperations. Show Answer Correct Answer: A) Trans national corporations. 13. Academics have been looking into the implications of globalisation for many years. A) Increasing. B) Continuing. C) Studying. D) Confusing. Show Answer Correct Answer: C) Studying. 14. Liberalisation implies: A) Greater role of public sector. B) Reduction in governments control over the private sector. C) Free economy with no controls. D) Free economy with no controls. Show Answer Correct Answer: B) Reduction in governments control over the private sector. 15. WTO is an organisation under the A) Government of India. B) United Nations. C) International Monetary Fund. D) FEMA. Show Answer Correct Answer: B) United Nations. 16. Factories or other aspects of industry or business are relocated to a place that is cheaper to do business. A) Offshoring. B) Outsourcing. C) All the above. D) None of the above. Show Answer Correct Answer: A) Offshoring. 17. The ..... sector is known to be the backbone of the Indian economy with an employment of ..... % of the population A) Agricultural, 70. B) Industrial, 85. C) Manufacturing, 90. D) Financial, 75. Show Answer Correct Answer: A) Agricultural, 70. 18. Tn the state of ..... , the number of farmers suicides is the highest . A) Madhyapradesh. B) Karnataka. C) Chattisgarh. D) Maharashtra. Show Answer Correct Answer: D) Maharashtra. 19. Bringing goods in from another country to sell. A) Import. B) Export. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import. 20. The chef ..... all the ingredients from his home country. A) Criticises. B) Begins. C) Imports. D) Discounts. Show Answer Correct Answer: C) Imports. 21. Privatisation can be achieved through ..... A) Franchising. B) Leasing. C) Contracting and divesture. D) All of the above. Show Answer Correct Answer: D) All of the above. 22. What attracts an MNC? A) A-Cheap labour. B) B-Ready demand for the product. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). ← PreviousRelated 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