Economics Quiz on Liberalisation, Privatisation and Globalisation: An Appraisal

Class XI

Economics

Liberalisation, Privatisation and Globalisation: An Appraisal

15 questions

HARD

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1. What is the primary objective of liberalisation in the Indian economy?

Increase government control · Enhance competition · Reduce foreign investment · Limit trade barriers

2. Which of the following best describes privatisation?

Government ownership of industries · Transfer of ownership from public to private sector · Nationalisation of private enterprises · Increased regulation of private firms

3. Globalisation primarily facilitates which of the following?

Isolation of economies · Integration of national economies · Reduction of international trade · Strengthening of local businesses

4. Which policy was introduced in India in 1991 to address economic challenges?

Nationalisation policy · Liberalisation policy · Import substitution policy · Protectionist policy

5. What was a significant outcome of the liberalisation policy in India?

Decrease in foreign investments · Increase in unemployment · Growth in GDP · Stagnation of industries

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