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 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 8 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The government of India as given autonomy to the bord of directors of PSUs in ..... A) Selection. B) Recurtiment. C) Decision making. D) Training. Show Answer Correct Answer: C) Decision making. 2. India had the ..... largest number of internet users of around 100 million in 2010. A) 1st. B) 7th. C) 4th. D) 3rd. Show Answer Correct Answer: C) 4th. 3. Fiscal Deficit= A) Total expenditure of government-receipts. B) Total expenditure of government-receipts(other than borrowings). C) Revenue expenditure of the government-Revenue receipts. D) None of the above. Show Answer Correct Answer: B) Total expenditure of government-receipts(other than borrowings). 4. What is protectionism? A) Free trade. B) Globalization. C) Tariffs. D) Protectionism. Show Answer Correct Answer: D) Protectionism. 5. MNCs set up production units on the basis of proximity to the market. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 6. Improving INternational competitveness of Products of a country is a part of:- A) Structural Measures. B) Stabilization Masures. C) Short Term Measures. D) Part of Globalisation. Show Answer Correct Answer: A) Structural Measures. 7. Which of the following was the reason for initiation of economic reforms in 1991? A) Increase in fiscal deficit. B) (b) BoP crises. C) Fall in foreign exchange reserve. D) All of these. Show Answer Correct Answer: D) All of these. 8. What is a potential drawback of implementing GST for small businesses? A) Streamlined tax processes. B) Enhanced market reach. C) Increased operational costs. D) Improved cash flow management. Show Answer Correct Answer: C) Increased operational costs. 9. What proportion of the world's GDP do the countries measures by the AT Kearney index generate? A) 84%. B) 53%. C) 96%. D) 75%. Show Answer Correct Answer: C) 96%. 10. Following are the ways of privatisation ..... A) Franchising. B) Divestiture. C) Denationalisation. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. When did Economic Liberalisation start in India? A) 2000. B) 1991. C) 1971. D) 2011. Show Answer Correct Answer: B) 1991. 12. What is liberalisation? A) Prominence to agriculture sector. B) Encouraging full government control on industries. C) Discourage Foreign investments. D) Freeing trade and industry policies from unwanted government controls and restriction. Show Answer Correct Answer: D) Freeing trade and industry policies from unwanted government controls and restriction. 13. Special Economic Zones(SEZs) are being set up to attract A) Foreign tourist. B) Foreign investment. C) Foreign goods. D) Foreign policies. Show Answer Correct Answer: B) Foreign investment. 14. Which policy listed below leads to deglobalisation A) Privatisation. B) Neoliberalism. C) Censorship. D) None of the above. Show Answer Correct Answer: C) Censorship. 15. ..... refers to contracting out some of the activities of the organisation to a third party which were previously performed by itself. A) Outsourcing. B) Globalisation. C) Privatisation. D) FDI. Show Answer Correct Answer: A) Outsourcing. 16. Globalization benefits are:(Choose as many as you want) A) Limiting military conflicts. B) Increases competition. C) All. D) Makes markets more efficient. Show Answer Correct Answer: C) All. 17. What is known as 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? A) Underdevelopment. B) Globalization. C) Development. D) Modernization. Show Answer Correct Answer: B) Globalization. 18. ..... is the process of rapid integration or interconnection between countries. A) Globalisation. B) FDI. C) Privatisation. D) None of the above. Show Answer Correct Answer: A) Globalisation. 19. SEZs is setup by A) World government. B) State govrnment. C) Central government. D) Gram panchayat. Show Answer Correct Answer: C) Central government. 20. Which of the following factors can hinder development? A) Efficient justice system. B) Rigid class stratification. C) Technological advancement. D) Increased foreign investment. Show Answer Correct Answer: B) Rigid class stratification. 21. What is a global manufacturing chain? A) A product being designed. B) Processing a product from design to selling. C) Processing a product from design to selling that happens across lots of different countries. D) A product being sold. Show Answer Correct Answer: C) Processing a product from design to selling that happens across lots of different countries. 22. Globalization enables large companies to realize economies of scale that reduce costs and prices, which in turn supports further economic growth, although this can hurt many small businesses attempting to compete domestically. A) Economies of scale. B) Technological Innovation. C) Foreign Direct Investment. D) None of the above. Show Answer Correct Answer: A) Economies of scale. 23. Liberalisation aims at ..... A) Socialistic pattern of society. B) Economic reforms. C) Economic planning. D) Land reforms. Show Answer Correct Answer: B) Economic reforms. 24. E-Commerce allows you to buy and sell goods on the Internet A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. ..... has been the main channel for connecting countries. A) Foreign Trade. B) Multinational trade. C) Global Trade. D) None of the above. Show Answer Correct Answer: A) Foreign Trade. ← 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 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