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Worksheets

LPG

Total questions: 13

Worksheet time: 3mins

Name
Class
Date
1.

deficit in balance of payments arises when foreign payments for ______________ exceeds foreign receipts from _________________.

a)

import, export

b)

export , import

2.

economic reforms have _______ the role of the public sector.

a)

increased

b)

reduced

3.

_______ means removal of entry and growth restrictions on the private sector.

a)

liberalisation

b)

privatisation

c)

globalisation

4.

in the industrial sector reforms, the number of industries, exclusively reserved for the public sector reduced from 17 to ________ industries.

a)

3

b)

4

c)

5

d)

6

5.

as per the financial sector reform, the role of RBI was reduced from __________ to facilitator of financial sector.

a)

regulator

b)

controller

6.

the aim of _____________ is to integrate the indian economy with the world economy.

a)

liberalisation

b)

globalisation

c)

privatization

7.

__________ refers to contracting out some of its activities to a third party which were earlier performed by the organization.

a)

outsourcing

b)

privatisation

8.

india has become a favourable destination of outsourcing for most of the MNC's because of low__________ and availability of ______________ .

a)

wage rate, skilled manpower.

b)

skilled manpower , wage rate

9.

taxes are of two types:____________ taxes and _______________.

a)

income and corporate

b)

direct , indirect

10.

___________________ means transfer of ownership , management and control of public sector enterprises to entrepreneurs in the private sector.

a)

liberalisation

b)

privatisation

c)

globalisation

11.

_________________ refers to the reduction in the value of domestic currency by the government.

a)

devaluation

b)

revaluation

12.

disinvestment is an example of _____________ in India.

a)

privatisation

b)

liberalisation

c)

globalisation

13.

the new economic policy was announced in the year________

a)

1990

b)

1991

c)

1992