MCQ Questions Class 12 Economics Chapter 3 Liberalisation, Privatisation, and Globalisation: An Appraisal with Answers

Free PDF Download of CBSE Class 12 Economics (Indian Economic Development) Chapter 3 Liberalisation, Privatisation and Globalisation: An Appraisal Multiple Choice Questions with Answers.Based on Latest Exam Pattern. Students can solve NCERT Class 12 Economics Indian Economic Development Chapter 3 Liberalisation, Privatisation and Globalisation: An Appraisal Multiple Choice Questions with Answers to know their preparation level.

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Liberalisation, Privatisation and Globalisation: An Appraisal (Indian Economic Development) Class 12 MCQs Questions with Answer

Class 12 Economics (Indian Economic Development)Chapter 3
Liberalisation, Privatisation and Globalisation: An Appraisal
MCQ Questions with Answers

1. What is the main feature of New Economic Policy?

 
 
 
 

2. For how many industries, licensing is still necessary

 
 
 
 

3. How many industries are entirely reserved for the public sector?

 
 
 
 

4. What is the investment limit in small scale industries?

 
 
 
 

5. When was VAT introduced in most of the States of India?

 
 
 
 

6. How many countries are the members of WTO?

 
 
 
 

7. When was WTO established?

 
 
 
 

8. Where is the headquarters of WTO located?

 
 
 
 

9. How much loan was provided by World Bank and IMF during the nineties to bail India out of the crisis?

 
 
 
 

10. When did the Gulf Crisis take place?

 
 
 
 

11. Why there was a need for economic reforms in India?

 
 
 
 

12. In which year did India adopt the economic reforms?

 
 
 
 

13. Which of the following replaced MRTP Act?

 
 
 
 

14. __ is the excess of expenditure (borrowings) over income.

 
 
 
 

15. Financial sectors were allowed to take decisions on various matters, without consulting __

 
 
 
 

16. Which of the following replaced MRTP Act?

 
 
 
 

17. Trade policy reforms led to the removal of export duties to __ India’s competitive position.

 
 
 
 

18. FDI stands for –

 
 
 
 

19. EXIM policy was announced in the year – 

 
 
 
 

20. 100% privatisation in India has taken place of:

 
 
 
 

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