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 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation And Globalisation An Appraisal Quiz 9 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. This is a tax on imports that is used to increase price of foreign products and raise government revenue. A) Tariff. B) Quota. C) Subsidy. D) Embargo. Show Answer Correct Answer: A) Tariff. 2. How many countries where membership in WTO at present? A) 159. B) 164. C) 148. D) 128. Show Answer Correct Answer: B) 164. 3. How many universities got autonomy in March 2018 by the union government? A) 65. B) 62. C) 60. D) None of the above. Show Answer Correct Answer: B) 62. 4. Which one of the following is an example of trade barrier? A) Restriction on Export. B) Tax on Exports. C) Tax on Imports. D) None of the above. Show Answer Correct Answer: C) Tax on Imports. 5. The new Turkish restaurant is so ..... that I don't think I will be able to eat there. A) Delicious. B) Expensive. C) Fresh. D) Authentic. Show Answer Correct Answer: B) Expensive. 6. St. Lucia went to the IMF in A) 1979. B) 1995. C) 2020. D) 2023. Show Answer Correct Answer: C) 2020. 7. NAFTA is an agreement between which countries? A) USA, Canada, UK. B) USA, Canada. C) USA, Mexico, Canada, UK. D) USA, Mexico, Canada. Show Answer Correct Answer: D) USA, Mexico, Canada. 8. What does liberalisation primarily refer to? A) Eliminating unnecessary controls and restrictions on businesses. B) Increasing government control over businesses. C) Increasing tax rates. D) Restricting foreign investment. Show Answer Correct Answer: A) Eliminating unnecessary controls and restrictions on businesses. 9. The money that is spent on assets like land, building and machines are called A) Liberalisation. B) Globaisation. C) Investment. D) MNC. Show Answer Correct Answer: C) Investment. 10. Globalisation helps people grow their businesses: A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 11. India signed the Dunker proposal in A) 1984. B) 1976. C) 1950. D) 1994. Show Answer Correct Answer: D) 1994. 12. Which of the following are the components of globalisation under the new economicpolicy? A) Partial convertibility of the Indian rupee. B) Increase in equity limit of foreign investment. C) Reduction in tariffs. D) All of these. Show Answer Correct Answer: D) All of these. 13. Special Economic Zones (SEZ) developed by the Government of India aim A) To attract foreign companies to invest in India. B) To encourage small investors. C) To encourage regional development. D) None of the above. Show Answer Correct Answer: A) To attract foreign companies to invest in India. 14. If multinational companies go on expanding, smaller suppliers may die out. A) Increase. B) Continue. C) Study. D) Confuse. Show Answer Correct Answer: B) Continue. 15. Which of the following is not an example of a global institution? A) The World Bank. B) The World Trade Organization. C) The International Monetary Fund. D) The Federal Reserve. Show Answer Correct Answer: D) The Federal Reserve. 16. Generally, there has been an outsourcing of ..... to China. A) Services. B) Manufacturing. C) All the above. D) None of the above. Show Answer Correct Answer: B) Manufacturing. 17. Improvement in transport has helped in promotion of A) Globalisation. B) Liberalisation. C) Privatisation. D) None of these. Show Answer Correct Answer: A) Globalisation. 18. LPG policy focused on: A) Liberalisation. B) Globalisation. C) Privatisation. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. Importing goods is: A) The sale of goods to another country. B) Beneficial to a country's economy. C) The buying of goods from another country. D) The movement of people around the globe. Show Answer Correct Answer: C) The buying of goods from another country. 20. ..... has facilitated the travel of goods from one market to another. A) Foreign investment. B) Trade. C) Investment. D) Privitisation. Show Answer Correct Answer: A) Foreign investment. 21. ..... introduced economic liberalisation in India. A) Dr. Manmohan Singh. B) Narendra Modi. C) Dr. Rajendra prasad. D) None of the above. Show Answer Correct Answer: A) Dr. Manmohan Singh. 22. Which measure is NOT associated with globalisation? A) Reduction in custom duties. B) Encouragement of foreign technology. C) Facilitating foreign investment. D) Increasing trade barriers. Show Answer Correct Answer: D) Increasing trade barriers. 23. External sector liberalisation means ..... A) Relaxing restriction on international flow of goods & services. B) Relaxation on production. C) Increase in the role of market. D) Relaxing restriction on international flow of goods, services, technology & capital . Show Answer Correct Answer: D) Relaxing restriction on international flow of goods, services, technology & capital . 24. What is the impact of globalization on developing countries? A) Globalization has only positive impacts on developing countries. B) Globalization has only negative impacts on developing countries. C) Globalization has no impact on developing countries. D) Globalization has both positive and negative impacts on developing countries. Show Answer Correct Answer: D) Globalization has both positive and negative impacts on developing countries. 25. When a country uses subsidies, tariffs and quotas to protect domestic industry they are implementing what? A) Trade protectionism. B) Nationalism. C) Economic censorship. D) Offshoring. Show Answer Correct Answer: A) Trade protectionism. ← 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 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