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Worksheetseconomic environment policy
Total questions: 10
Worksheet time: 7mins
when was LPG reforms introduced in india
1991
1990
1995
1993
Which of the following is NOT a driver of globalization?
Technological advancements
Economic liberalization and free trade agreements
Nationalism and protectionism
Increased mobility of goods, services, and people
Which industry has been significantly impacted by globalization, leading to the outsourcing of jobs to other countries?
Agriculture
Manufacturing
Healthcare
Education
The difference between Gross Domestic Product (GDP) and Net Domestic Product (NDP) is:
Depreciation
Taxes
Government spending
Savings
which sector contributes the most to gdp
service sector
agricultural sector
industrial sector
Unemployment caused by changes in technology, consumer preferences, or a decline in certain industries is known as:
Frictional unemployment
Structural unemployment
Cyclical unemployment
Seasonal unemployment
Which of the following is an example of a public-private partnership (PPP)?
A government-run hospital providing free healthcare services
A privately-owned university funded by tuition fees
A joint venture between the government and a private company to build and operate a toll road
A non-profit organization providing disaster relief services
Which of the following is an example of a small-scale industry?
An automobile manufacturing plant with thousands of employees
A family-owned bakery producing handmade bread
A multinational technology company with global operations
A government-owned power generation plant
Which of the following is a challenge faced by small-scale industries?
Access to a skilled and educated workforce
Easy access to large amounts of capital from financial institutions
Limited market reach and distribution channels
Exemption from compliance with environmental regulations
When a country exports more goods and services than it imports, it is said to have:
A trade deficit
A trade surplus
A balanced trade
A negative balance of payments
