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 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 2 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Indian government was introduced ..... in 1991 A) Globalisation. B) World Trade Organisation. C) New Economic Policy. D) None. Show Answer Correct Answer: C) New Economic Policy. 2. A large company that owns or controls production in more than one nation is nation is called a- A) Multinational Corporation. B) Self Help Group. C) Global Companies. D) Non Government Organisation. Show Answer Correct Answer: A) Multinational Corporation. 3. Multinational corporation in India A) 1947. B) Enforce international trade. C) Minimise cost of production. D) Infosys. E) 1986. Show Answer Correct Answer: D) Infosys. 4. Which of the following argument is against the privatisation? A) It is the framework of public sector is responsible for lower production and lower profit. B) Indian government can not avoid foreign competition given its committment to WTO. C) Private sector may not like invest money in trade, real estate and other services. D) The private sector can not uphold social justice and public welfare. Show Answer Correct Answer: C) Private sector may not like invest money in trade, real estate and other services. 5. What is driving the move toward greater globalization? A) Rising labor costs. B) Increasing government intervention. C) Technological change. D) Declining trade and investment barriers. Show Answer Correct Answer: D) Declining trade and investment barriers. 6. Which of the following arguments are not in the favour of privatisation ..... A) Help in reviving sick units. B) Improve the efficiency of public sector units. C) Reduce political interferences. D) Increases government financial banking. Show Answer Correct Answer: D) Increases government financial banking. 7. HEAD OFFICE OF WTO IS LOCATED IN A) GENEVA. B) BERLIN. C) NEW YORK. D) DELHI. Show Answer Correct Answer: A) GENEVA. 8. What are some negatives of globalization? A) Workers are exploited in sweatshops. B) Pollution and deforestation. C) Low wages for factory workers in Asia and Africa. D) All of the answers are correct. Show Answer Correct Answer: D) All of the answers are correct. 9. When the economy of two countries depend on each other, it's called: A) Economic interdependence. B) Multinational cooperation. C) Isolationism. D) Outsourcing. Show Answer Correct Answer: A) Economic interdependence. 10. Expand IBRD A) India, Brazil, Russia and Denmark. B) International Bank for Reconstruction and Development. C) Indian Bank for Recovery and Development. D) International Bank for Research and Development. Show Answer Correct Answer: B) International Bank for Reconstruction and Development. 11. How many countries does the AT Kearney index measure? A) 64. B) 84. C) 150. D) 54. Show Answer Correct Answer: A) 64. 12. MNC A) 1947. B) Minimise cost of production. C) 1986. D) Enforce international trade. Show Answer Correct Answer: B) Minimise cost of production. 13. Child labor can be an effect of globalization. A) TRUE. B) FALSE. C) I DO NOT KNOW. D) None of the above. Show Answer Correct Answer: A) TRUE. 14. In 2015 the UK attracted significant FDI, making it the ..... largest recipient of FDI that year at a global scale. A) 9th. B) 4th. C) 2nd. D) 12th. Show Answer Correct Answer: B) 4th. 15. The growth of trading blocs such as the EU and NAFTA can be categorised as what? A) Economic globalisation. B) Free trade economics. C) Political globalisation. D) Foreign direct investment. Show Answer Correct Answer: C) Political globalisation. 16. What was one of the results of liberalisation in India? A) High growth rate. B) Decreased competition. C) Weak rupee. D) Increased inflation. Show Answer Correct Answer: A) High growth rate. 17. Improvements in transportation-larger cargo ships mean that the cost of transporting goods between countries has decreased. Economies of scale mean the cost per item can reduce when operating on a larger scale. Transport improvements also mean that goods and people can travel more quickly. A) Cause. B) Positive Impact. C) Negative Impact. D) None of the above. Show Answer Correct Answer: C) Negative Impact. 18. When a country's resources are used up, they may need to rely on other countries to supply them. A) Separated. B) Refused. C) Excluded. D) Exhausted. Show Answer Correct Answer: D) Exhausted. 19. Some supporters of global economic freedom believe that all trade barriers should be taken away. A) Removed. B) Refused. C) Excluded. D) Exhausted. Show Answer Correct Answer: A) Removed. 20. Why would a company go overseas? A) For more profit. B) For fun. C) More Planning. D) Potential limit. Show Answer Correct Answer: A) For more profit. 21. The amount of migrant labour is expected to go up. A) Increase. B) Continue. C) Study. D) Confuse. Show Answer Correct Answer: A) Increase. 22. Which of the following is NOT a transnational corporation (TNC)? A) Ford. B) Shell. C) Local newsagent. D) None of the above. Show Answer Correct Answer: C) Local newsagent. 23. Who granted the English "golden fireman" in 1632 A) Jahangir. B) Sultan of Golconda. C) Akbar. D) Aurangzeb. Show Answer Correct Answer: B) Sultan of Golconda. 24. What are the reforms taken during liberalisation? A) Industrial sector. B) Financial sector. C) Fiscal sector. D) Trade sector. E) All of these. Show Answer Correct Answer: E) All of these. 25. What was the capital employed in the top 500 private sector companies in 1992-93? A) Rs. 1, 00, 000 crores. B) Rs. 2, 34, 751 crores. C) Rs. 1, 39, 806 crores. D) Rs. 3, 00, 000 crores. Show Answer Correct Answer: C) Rs. 1, 39, 806 crores. ← 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 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 10Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books