Economic Environment in India

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.

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.

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.

___ 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.

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.

The government of India is seriously thinking to allow oil marketing public sector, undertaking to fix their own price for petrol and diesel.___ is the economic reform related to this decision.

Q.

In India, Liberalisation & Privatisation began from?

1. 1981

2. 1991

3. 1971

4. 1947

Q.

Relaxing the restrictions and controls imposed on business and industry means

1. Globalisation

2. Liberalisation

3. Privatisation

4. None of these

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