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Class XII- LIBERALISATION, PRIVATISATION AND GLOBALISATION

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

When was the New Economic Policy announced?

a)

June 1991

b)

May 1991

c)

July 1991

d)

January 1991

2.

WTO stands for....

a)

World Tariff Organisation

b)

World Trade Organisation

c)

World Transport Organisation

d)

Wallet Transaction Operation

3.

WTO was established in the year..

a)

1991

b)

1993

c)

1995

d)

1999

4.

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

a)

Universalisation

b)

Liberalisation

c)

Privatisation

d)

Globalisation

5.

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

a)

Disinvestment

b)

Privatisation

c)

Liberalisation

d)

Globalisation

6.

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

a)

Outsourcing

b)

Globalisation

c)

Privatisation

d)

FDI

7.

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

a)

Denationalisation

b)

Decentralisation

c)

Demonetisation

d)

Dereservation of industries

8.

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

a)

Defense Equipments

b)

Telecommunications

c)

Fertilisers

d)

Petroleum Industry

9.

Expand IBRD

a)

India, Brazil, Russia and Denmark

b)

International Bank for Reconstruction and Development

c)

Indian Bank for Recovery and Development

d)

None of the Above

10.

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

a)

Demonetisation

b)

Depreciation

c)

Revaluation

d)

Devaluation

11.

Quantitative restrictions on import of goods is called......

a)

Quota

b)

Tariff

c)

Import Duty

d)

Customs Duty

12.

The policy of "Navaratnas" and "Mini Ratnas" is related to ...............

a)

Liberalisation

b)

Privatisation

c)

Globalisation

d)

None of the Above

13.

Out of the following, what is an example of outsourcing?

a)

Call Centres

b)

Book Transcription

c)

Clinical Advice

d)

All of the Above

14.

FDI stands for....

a)

Food Delivery Institute

b)

Foreign Direct Investment

c)

Fundamental Development Investment

d)

Financial Digital Interface

15.

The policy of "Atmanirbhar Bharat" will reduce the adverse effect of................ on Indian economy.

a)

Globalisation

b)

Privatisation

c)

Liberalisation

d)

Outsourcing