MCQ Chapter 9 Economics Class 11 Maharashtra Board Economic Policy of India Since 1991 1. How many Navratna companies were identified in 1997-98?57911Question 1 of 202. What is a requirement for a company to be a Miniratna Category I?Loss-making in 3 yearsContinuous losses₹30 crores profit in at least one of last 3 yearsPublic sector reservationQuestion 2 of 203. What is the ultimate goal of liberalisation and privatisation according to NEP?DemonetisationNationalisationSelf-relianceGlobalisationQuestion 3 of 204. What does globalisation mean?Limiting importsIsolating national economiesIntegration with world economyTrade only with neighbouring countriesQuestion 4 of 205. What change was made to the rupee to promote globalisation?DemonetisationRemoval of coinsMade fully convertible on current accountFixing exchange rateQuestion 5 of 206. What type of collaboration is seen in examples like Maruti-Suzuki and Tata-Corus?Public sector expansionDomestic competitionForeign collaborationAgricultural reformQuestion 6 of 207. What does EXIM policy encourage?Import tariffsExport promotionTax evasionIndustrial regulationQuestion 7 of 208. What sector experienced a revolution due to globalisation?AgricultureDefenceIT sectorTextileQuestion 8 of 209. How has globalisation affected education?Decline in education qualityReduced loan availabilityEncouraged students to pursue higher education abroadIncreased dropoutsQuestion 9 of 2010. Why has the cropping pattern changed under globalisation?Scarcity of staple foodsDemand for cash cropsHigh rainfallGlobal demand for non-traditional cropsQuestion 10 of 2011. What is one benefit of liberal imports under globalisation?Increase in tariffsDecrease in exportsSolves scarcity of goodsReduces agricultural outputQuestion 11 of 2012. Why is self-sufficiency difficult under globalisation?Emphasis on only globally demanded goodsIncrease in domestic farmingPromotion of nationalised industriesGrowth in staple food productionQuestion 12 of 2013. How are domestic markets affected by globalisation?Flooded with cheaper imported goodsProtected by high tariffsEncouraged to reduce exportsStrengthened by subsidiesQuestion 13 of 2014. Why do poor farmers struggle under globalisation?Lack of demand for their cropsExcessive government aidHigh technology accessHeavy competition and povertyQuestion 14 of 2015. What challenge do Indian entrepreneurs face under globalisation?Lack of licensesHigh profitsTough competition from MNCsMonopoly powerQuestion 15 of 2016. What happens when services like education and health are privatised?Improved affordabilityDecrease in feesIncrease in public welfareProfit motive leads to higher costsQuestion 16 of 2017. What is one consequence of closure of domestic industries?Decrease in exportsIncrease in employmentRise in wagesUnemploymentQuestion 17 of 2018. Which of the following is not a component of New Economic Policy?LiberalisationPrivatisationDemonetisationGlobalisationQuestion 18 of 2019. Which industry is not in the list of compulsory licensing?Electronic aerospace equipmentIndustrial explosivesAgro-based industriesCigarettesQuestion 19 of 2020. Which of the following is not a Navratna company?IOCHPCLONGCSPCLQuestion 20 of 20 Loading...
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