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12th Standard Commerce Liberalization Privatization and Globalization English Medium Free Online Test One Mark Questions 2020 - 2021

12th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. ________ is the result of New Industrial Policy which abolished the 'License System'.

    (a)

    Globalisation

    (b)

    Privatisation

    (c)

    Liberalisation

    (d)

    None of these

  2. _________ ownership makes bold management decisions due to their strong foundation in the international level.

    (a)

    Private

    (b)

    Public

    (c)

    Corporate

    (d)

    MNC's

  3. New Economic Policy was introduced in the year___________.

    (a)

    1980

    (b)

    1991

    (c)

    2013

    (d)

    2015

  4. Investment limit of the small scale industries have been raised to

    (a)

    Rs. 50lakhs

    (b)

    Rs. 25lakhs

    (c)

    Rs. 1 cr

    (d)

    Rs. 5 cr

  5. The removal of tariff barriers can lead to lower prices for

    (a)

    suppliers

    (b)

    consumers

    (c)

    competitors

    (d)

    none of these

  6. The trade liberalisation often benefits developed countries rather than developing

    (a)

    nations

    (b)

    sector

    (c)

    economies

    (d)

    none of these

  7. Liberalisation, privatisation and globlisation are the aims of

    (a)

    Economic planning

    (b)

    Socialistic pattern of society

    (c)

    Land reforms

    (d)

    Economic reforms

  8. Liberalization means

    (a)

    Reducing number of reserved industries from 17 to 80

    (b)

    Liberating the industry, trade and economy from unwanted restrictions

    (c)

    Opening up of economy to the world by attaining international competitiveness

    (d)

    Free determination of interest rates

  9. Currently, only_______ industries are under compulsory licensing.

    (a)

    two

    (b)

    three

    (c)

    four

    (d)

    five

  10. ________ stands for the consolidation of the various economies of the world.

    (a)

    Privatisation

    (b)

    Liberalisation

    (c)

    Globalisation

    (d)

    All of these

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TN 12th Standard Commerce free Online practice tests

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