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Published on: 03/09/2022
QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Commerce Subject - Liberalization, Privatization, and Globalization, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Commerce Test1.
One major factors that has stimulated the globlisation process is
effective utilisation of resources
increase in income and wealth
Willingness to cooperate
rapid improvement in technology
2.
Removing barriers or restrictions set by the government is called
liberalisation
privatisation
disinvestment
globalisation
3.
Globalisation has created new opportunities of
employment
emerging multinational
providing services
all of the above
4.
Globalisation has posed major challenges for
big producers
small producers
rural poor
none of these
5.
Liberalisation, privatisation and globlisation are the aims of
Economic planning
Socialistic pattern of society
Land reforms
Economic reforms
6.
Privatization is associated with improved efficiency due to the
service motive
profit motive
customer's satisfaction
higher employment
7.
Memorandum of understanding system was introduced in
1990
1991
1992
1994
8.
A number of multinational companies started operating world wide including
India
China
America
London
9.
The trade liberalisation often benefits developed countries rather than developing
nations
sector
economies
none of these
10.
Which of the following reduces the dependence on external commercial borrowings by attracting more foreign investments.
Privatization
Liberalization
Globalization
None of the above
11.
The removal of tariff barriers can lead to lower prices for
suppliers
consumers
competitors
none of these
12.
If a country liberalises its trade, it will make the country more attractive for
inward investment
exchange reserve
consumption
price
13.
Investment limit of the small scale industries have been raised to
Rs. 50lakhs
Rs. 25lakhs
Rs. 1 cr
Rs. 5 cr
14.
Liberalization is the result of New Industrial policy which abolished the
License System
License Ray
Both (a) and (b)
None of these
15.
India is one among such nations to commit itself to the New Economic Policy in
1991
1995
1990
1986
1.
(d)
rapid improvement in technology
2.
(a)
liberalisation
3.
(d)
all of the above
4.
(b)
small producers
5.
(d)
Economic reforms
6.
(b)
profit motive
7.
(b)
1991
8.
(a)
India
9.
(c)
economies
10.
(b)
Liberalization
11.
(b)
consumers
12.
(a)
inward investment
13.
(c)
Rs. 1 cr
14.
(c)
Both (a) and (b)
15.
(a)
1991
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Tamilnadu Stateboard 12th Standard Subjects
Maths
Chemistry
Physics
Biology
Computer Science
Business Maths and Statistics
Economics
Commerce
Accountancy
History
Computer Applications
Biology
Computer Technology
Computer Applications
Computer Science
Business Maths and Statistics
Commerce
Economics
Maths
Chemistry
Physics
Computer Technology
History
Accountancy
Tamil
English
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