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Published on: 07/11/2020
12th Standard Commerce Liberalization Privatization and Globalization English Medium Free Online Test One Mark Questions 2020 - 2021
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.
________ stands for the consolidation of the various economies of the world.
Privatisation
Liberalisation
Globalisation
All of these
2.
Currently, only_______ industries are under compulsory licensing.
two
three
four
five
3.
Liberalization means
Reducing number of reserved industries from 17 to 80
Liberating the industry, trade and economy from unwanted restrictions
Opening up of economy to the world by attaining international competitiveness
Free determination of interest rates
4.
Liberalisation, privatisation and globlisation are the aims of
Economic planning
Socialistic pattern of society
Land reforms
Economic reforms
5.
The trade liberalisation often benefits developed countries rather than developing
nations
sector
economies
none of these
6.
The removal of tariff barriers can lead to lower prices for
suppliers
consumers
competitors
none of these
7.
Investment limit of the small scale industries have been raised to
Rs. 50lakhs
Rs. 25lakhs
Rs. 1 cr
Rs. 5 cr
8.
New Economic Policy was introduced in the year___________.
1980
1991
2013
2015
9.
_________ ownership makes bold management decisions due to their strong foundation in the international level.
Private
Public
Corporate
MNC's
10.
________ is the result of New Industrial Policy which abolished the 'License System'.
Globalisation
Privatisation
Liberalisation
None of these
1.
(c)
Globalisation
2.
(d)
five
3.
(b)
Liberating the industry, trade and economy from unwanted restrictions
4.
(d)
Economic reforms
5.
(c)
economies
6.
(b)
consumers
7.
(c)
Rs. 1 cr
8.
(b)
1991
9.
(a)
Private
10.
(c)
Liberalisation
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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

French
Tamilnadu Stateboard Standards