MCQ Class 11 Economics Chapter 3 Liberalization, Privatization and Globalization -An Appraisal Advertisement Indian Economic DevelopmentMCQ’s For All Chapters – Economics Class 11th 1. The removal of tariff barriers can lead to lower prices for(a) suppliers (b) consumers (c) competitors (d) none of theseQuestion 1 of 182. The New Economic Policy was introduced in India in _____________.(a) 1991 (b) 1998 (c) 1997 (d) None of theseQuestion 2 of 183. New economic policy is also known as___(a) New economic reforms (b) New economic region (c) New economic law (d) None of the aboveQuestion 3 of 184. Which of these institutes supports investments and foreign trade in India?(a) International Monetary Fund (IMF) (b) World Trade Organisation (WTO)(c) World Bank (d) International Labour Organisation (ILO)Question 4 of 185. What is the investment limit in small scale industries?(a) 50 lakh (b) 1 crore (c) 25 lakh (d) 75 croreQuestion 5 of 186. LPG stands for(a) Liberalization, Privatization, Globalization (b) Liquidity, Publicity, Government (c) Liberalization, Privatization,Government (d) None of the aboveQuestion 6 of 187. How many countries are the members of WTO?(a) 164 (b) 120 (c) 96 (d) 48Question 7 of 188. Globalisation results in(a) inflow of labour from abroad (b) inflow of capital from abroad (c) inflow of tourists from abroad (d) all the aboveQuestion 8 of 189. Opening the doors of economy for foreign companies , technology, capital, human resource et(c) is called___(a) Globalization (b) Liberalization (c) Privatization (d) None of the aboveQuestion 9 of 1810. Which one of the following Indian indus¬tries has been hit hard by globalisation?(a) Information Technology (IT) (b) Toy making (c) Jute (d) CementQuestion 10 of 1811. is the result of New Industrial Policy which abolished the 'License System'.(a) Globalisation (b) Privatisation (c) Liberalisation (d) None of theseQuestion 11 of 1812. Globalisation has led to improvement in(a) choice to consumers (b) quality of goods and services (c) foreign investment (d) all the aboveQuestion 12 of 1813. Globalisation so far has been more in favour of:(a) developed countries (b) developing countries (c) poor countries (d) none of the aboveQuestion 13 of 1814. Globalisation has led to higher standards of living of:(a) well-off consumers (b) poor consumers (c) big producersQuestion 14 of 1815. What is happening with the import of Chinese toys in India ?(a) Indian toys are selling more (b) Indian consumers are buying less (c) Indian consumers are getting more choice at cheaper rates (d) Chinese consumers are falling short of choiceQuestion 15 of 1816. Which out of the following is an example of a trade barrier?(a) Foreign investment (b) Delay or damage of goods (c) Tax on imports (d) None of theseQuestion 16 of 1817. Globalisation has posed major challenges for:(a) big producers (b) small producers (c) rural poor (d) none of theseQuestion 17 of 1818. Government can make globalisation more ‘fair’ by:(a) increasing competition (b) increasing employment (c) implementing the labour laws (d) imposing trade barriersQuestion 18 of 18 Loading...
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