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12th Standard Commerce Liberalization Privatization and Globalization English Medium Free Online Test One Mark Questions with Answer Key 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. ________ means permitting the private sector to setup industries which were previously reserved for public sector.

    (a)

    Liberalisation

    (b)

    Privatisation

    (c)

    Globalisation

    (d)

    Public Enterprise

  2. Liberalization is the result of New Industrial policy which abolished the

    (a)

    Rules and regulations

    (b)

    License System

    (c)

    Panchayat System

    (d)

    None of these

  3. If a country liberalises its trade, it will make the country more attractive for

    (a)

    inward investment

    (b)

    exchange reserve

    (c)

    consumption

    (d)

    price

  4. Which of the following reduces the dependence on external commercial borrowings by attracting more foreign investments.

    (a)

    Privatization

    (b)

    Liberalization

    (c)

    Globalization

    (d)

    None of the above

  5. Removing barriers or restrictions set by the government is called

    (a)

    liberalisation

    (b)

    privatisation

    (c)

    disinvestment

    (d)

    globalisation

  6. Globalization can create problems for business because.

    (a)

    it can result in more competition

    (b)

    it increases vulnerability to the political risk and uncertainty when operating abroad

    (c)

    it means that they can increase price

    (d)

    none of the above

  7. __________ industry has been liberalised.

    (a)

    Drugs and pharmaceuticals

    (b)

    Hazardous chemicals

    (c)

    Tobacco products

    (d)

    Defence equipment

  8. ________ means permitting the private sector to set up industries which were previously reserved for the Public Sector.

    (a)

    Liberalization

    (b)

    Privatization

    (c)

    Globalisation

    (d)

    None of these

  9. ________ means, to send or bring money back to one's own country

    (a)

    Trade policy

    (b)

    Promotion

    (c)

    Tariffs

    (d)

    Repatriate

  10. _________ advancement paves way for a company to enter foreign market

    (a)

    Technological

    (b)

    Foreign exchange

    (c)

    Brain drain

    (d)

    Foreign institutions

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TN 12th Standard Commerce free Online practice tests

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