New Economic Policy

Which of the following refers to relaxation of previous government restrictions?

• Privatisation

• Globalisation

• Disinvestment

• Liberalisation

WTO was established in the year______.

• 1995

• 1948

• 1996

• 1994

______ means integrating the domestic economy with the world 🌎 economy.

• Globalisation

• Privatisation

• Liberalisation

• Disinvestment

Trade between two countries is known as:

• Bilateral trade

• Multilateral trade

• Both (a) and (b)

• Neither (a) not (b)

Which of the following is a policy initiated under New Economic Policy?

• Liberalisation

• Privatisation

• Globalisation

• Licensing

When was new economic policy announced?

• June, 1991

• May, 1991

• July, 1991

• January, 1991

__________ refers to disposal of equity of public sector units in the market.

• Globalisation

• Privatisation

• Disinvestment

• Liberalisation

Cheaper imported goods was one of the reasons behind:

• Growing unemployment

• Unbalanced growth

• Low level of industrial growth

• Spread of Consumerism

______ refers to the transfer of assets or services function from public to private ownership.

• Globalisation

• Privatisation

• Disinvestment

• Liberalisation

Outsourcing is good for India because:

• It provides employment to large number of unemployed

• It provides excellence in a particular field

• Both (a) and (b)

• Neither (a) nor (b)