Plus One Economics – Chapter 3 Online Exam in English
Notes
Plus One Economics – Chapter 3 Online Exam in English
Notes

Plus One Economics – Chapter 3 Online Exam in English

Chapter 3 – Liberalization, Privatization and Globalization: An Appraisal.

Chapter 13

Multi-choice Practice Exam

Question

1) Globalization implies :

Answers

Closer integration of countries

Free flow of goods, services, capital, knowledge and people across national borders.

Extension of markets through reduction of costs of transportation and communication.

All of these

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Question

2) How many member countries are there in W T O ?

Answers

96

120

64

164

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Question

3) Gulf Crisis was in the year :

Answers

1999

1990 – 95

1980 – 85

1990 – 91

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Question

4) How much loan was given by World Bank and IMF during the nineties to bail India out of crisis ?

Answers

$ 10 million

$ 20 billion

$ 10 billion

$ 7 billion

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Question

5) Where is the headquarters of  W.T.O ?

Answers

Newyork

Italy

Geneva

Washington

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Question

6) What is the main feature of new economic policy ?

Answers

Globalization

Privatization

Liberalisation

All of these

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Question

7) How many industries have to take license necessary ?

Answers

9

7

10

6

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Question

8) India adopted Economic reforms in :

Answers

1947

2001

1951

1991

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Question

9) What is the investment limit in small scale industries ?

Answers

75 Lakh

25 Lakh

1 Lakh

1 crore

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Question

10) Select full form of IBRD

Answers

Indian Bank for Rural Development

International Bank for Reconstruction and Development

International Bank for Rural Development

None of the above

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Question

11) Which among the following is not a pillar of economic reforms ?

Answers

Privatisation

Nationalization

Globalization

Liberalisation

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Question

12) What is Navaratna’s ?

Answers

9 Countries

9 States

9 PSUs

None of these

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Question

13) Why there was need of economic reforms in India ?

Answers

Price rise

Due to adverse BOP

Due to fiscal deficit

All of these

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Question

14) GATT established in the year

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1995

1947

1948

1945

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Question

15) When was W.T.O established ?

Answers

1996

1998

2005

1995

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Question

16) Which among the following is not a Navaratna company ?

Answers

VSNL

IOC

SAIL

BSNL

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Question

17) India is a favourable destination for out sourcing due to

Answers

The skilled man power

Large supply of cheap labour

The English speaking population

All of these

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Question

18) How many industries are entirely reserved for public sector ?

Answers

3

4

9

10

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Question

19) Find the odd one

Answers

SBI

Andhra Bank

Vijaya Bank

HSBC

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Question

20) The public sector in India  suffer from :

Answers

Uncompetitiveness

Political interference

Over staffing

All of these

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