Economic Environment in India

Q.

What is meant by Globalisation?

Q.

Relaxing the restrictions and controls imposed on business and industry means

1. Globalisation

2. Liberalisation

3. Privatisation

4. None of these

Q.

In India, Liberalisation & Privatisation began from?

1. 1981

2. 1991

3. 1971

4. 1947

Q.

Globalisation is the term used to describe the process of removal of the restriction on?

1. None of the above

2. Both (A) and (B)

3. Foreign Trade

4. Investment

Q.

Lately, many companies have planned for significant investments in organised retailing in India. Several factors have prompted their decision in this regard. Customers income is rising. People have developed a taste for better quality products even though they may have to pay more. The aspiration levels have increased. The government has also liberalised its economic policies in this regard and permitted even cent-percent foreign direct investment in some sectors of retailing.

(a) Identify changes in the business environment under different heads: economic, social, technology, political and legal that have facilitated the companies decisions to plan significant investments in organised retailing.

(b) What has been the impact of these changes with regard to globalisation and privatisation?

Q.

Globalisation means:

1. Earning profit from Exports

2. Attracting foreign investment

3. Setting of firms branches in other countries

4. Adopting a global outlook

Q.

Why are the government inclined towards Privatisation?

Q.

Recently, many companies have planned for major investment in retail business. Increasing incomes, rise in living standards, government policy of liberalisation and its favourable attitude towards modernisation has favoured their decision.

Identify the various dimensions of business environment and explain their effect on business.

Q.

___ means giving greater role to the private sector in the national building process and drastically reducing the role of the public sector.

1. Privatisation

2. Liberalisation

3. Urbanisation

4. Globalisation

Q.

List the major elements of new industrial policy.

1. Globalisation

2. Privatisation

3. All of the above

4. Liberalisation

Q.

Freedom in fixing prices of goods and services and the reduction in sales tax rates is ___.

1. Urbanisation

2. Globalisation

3. Liberalisation

4. Privatisation

Q.

The new economic policy consisted of ___, ___ and ___

1. Liberalisation, globalisation and privatisation.

2. Privatisation, urbanisation and liberalisation

3. None of these

4. Globalisation, Urbanisation and Industrialisation

Q.

Which of these following steps did the government take to solve economic problem?

1. Dereservation of public sector enterprises

2. Reduce inequalities of income and wealth

3. Change in agricultural prices

4. All of the above

Q.

explain economic environment in india?

Q.

when does law of equi-marginal utility is known as law of substitution?

Q. state the main goals of the five year plan of india ?

Q. The aim of privatization was to give greater role to the private sector in the nation building process.

1. True
2. False

Q. What do u mean by globalisation