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12th Standard English Medium Commerce Subject Liberalization, Privatization, and Globalization Book Back 2 Mark Questions with Solution Part - I

Published on: 03/06/2021

QB365 provides detailed and simple solution for every Book back Questions in class 12 Commerce Subject. It will helps to get more idea about question pattern in every book back questions with solution.

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Std: 12th Standard - Commerce

chapter: - Book back Questions

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Questions:

Generic 2

5 x 2 = 10

Give any two advantages of Globalisation.

Name the industries which are reserved for public sector.

Mention any two disadvantages of Liberalisation.

What is Privatization?

State the branches of New Economic Policy.

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Answers Key:

Generic 2

5 x 2 = 10

(i) Increase in foreign collaboration
(ii) Expansion of market
(iii) Technological development

(i) Bharat Aluminimum Co. Ltd., (BALCO)
(ii) Hindustan Zinc Ltd (HZL)
(iii) Indian Petrochemicals Corporation Ltd (IPCL)
(iv) Maruthi Udyog Ltd (MUL)
(v) Modern Food Industries Ltd (MFIL)

i) Increase in unemployment
ii) Loss due to domestic units
(iii) Increased dependence on foreign nations
(iv) Unbalanced development

Privatization is the incidence or process of transferring ownership of a business enterprise, agency or publicservice from the government to the private sector.

The branches of New Economic Policy are :
(i) Liberalisation
(ii) Privatisation
(iii) Globalisation