Class XII- LIBERALISATION, PRIVATISATION AND GLOBALISATION

When was the New Economic Policy announced?

• June 1991

• May 1991

• July 1991

• January 1991

WTO stands for....

• World Tariff Organisation

• World Trade Organisation

• World Transport Organisation

• Wallet Transaction Operation

WTO was established in the year..

• 1991

• 1993

• 1995

• 1999

Integrating the domestic economy with the world economy is called....

• Universalisation

• Liberalisation

• Privatisation

• Globalisation

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

• Disinvestment

• Privatisation

• Liberalisation

• Globalisation

......................refers to contracting out some of the activities of the organisation to a third party which were previously performed by itself.

• Outsourcing

• Globalisation

• Privatisation

• FDI

Which of the following was initiated by the Government under Liberalisation?

• Denationalisation

• Decentralisation

• Demonetisation

• Dereservation of industries

What is exclusively reserved for the public sector out of the following?

• Defense Equipments

• Telecommunications

• Fertilisers

• Petroleum Industry

Expand IBRD

• India, Brazil, Russia and Denmark

• International Bank for Reconstruction and Development

• Indian Bank for Recovery and Development

• None of the Above

Reduction in the value of domestic currency by the Government is called.....

• Demonetisation

• Depreciation

• Revaluation

• Devaluation