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12th Standard English Medium Commerce Subject Liberalization, Privatization, and Globalization Book Back 1 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 5

    Part I

    5 x 1 = 5
  1. ________ is the result of New Industrial Policy which abolished the 'License System'.

    (a)

    Globalisation

    (b)

    Privatisation

    (c)

    Liberalisation

    (d)

    None of these

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

    (a)

    Liberalisation

    (b)

    Privatisation

    (c)

    Globalisation

    (d)

    Public Enterprise

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

    (a)

    Private

    (b)

    Public

    (c)

    Corporate

    (d)

    MNC's

  4. _______ results from the removal of barriers between national economies to encourage the flow of goods, services, capital and labour.

    (a)

    Privatisation

    (b)

    Liberalisation

    (c)

    Globalisation

    (d)

    Foreign Trade

  5. New Economic Policy was introduced in the year___________.

    (a)

    1980

    (b)

    1991

    (c)

    2013

    (d)

    2015

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