________ means permitting the private sector to setup industries which were previously reserved for public sector.

(a)

Liberalisation

(b)

Privatisation

(c)

Globalisation

(d)

Public Enterprise

Liberalization is the result of New Industrial policy which abolished the

(a)

License System

(b)

License Ray

(c)

Both (a) and (b)

(d)

None of these

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

(a)

inward investment

(b)

exchange reserve

(c)

consumption

(d)

price

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

Removing barriers or restrictions set by the government is called

(a)

liberalisation

(b)

privatisation

(c)

disinvestment

(d)

globalisation

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

__________ industry has been liberalised.

(a)

Drugs and pharmaceuticals

(b)

Hazardous chemicals

(c)

Tobacco products

(d)

Defence equipment

________ 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

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

(a)

Trade policy

(b)

Promotion

(c)

Tariffs

(d)

Repatriate

_________ advancement paves way for a company to enter foreign market

(a)

Technological

(b)

Foreign exchange

(c)

Brain drain

(d)

Foreign institutions