Globalisation and the Indian Economy Test

Result

Globalisation and the Indian Economy Test - 25

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

Globalization means integration of ____________.

A
one domestic enterprise with another domestic enterprises

B
one domestic enterprise with international enterprises

C
domestic economy with world economy

D
domestic trade with the world trade

Solution

The term "globalization" means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people. Globalization has containing both opportunities and threats for national development.
Question 2
1 / -0

Liberalization process in India was initiated by

A
Yashwant Singh

B
Manmolian Singh

C
Jaswant Singh

D
Both (a) & (c)
Question 3
1 / -0

___________ refers to relaxation of previous government restriction.

A
Privatisation

B
Globalisation

C
Disinvestment

D
Liberalisation

Solution

Liberalization refers to laws or rules being liberalized, or relaxed, by a government. ... While liberal is used to refer to more than just politics––you can have liberal parents––liberalization is used only when speaking of economic or social policies or other government regulations. The economic liberalisation in India referred to the economic liberalisation of the country's economic policies, initiated in 1991 with the goal of making the economy more market- and service-oriented, and expanding the role of private and foreign investment. LPG stands for Liberalization, Privatization, and Globalization. India under its New Economic Policy approached International Banks for development of the country. These agencies asked Indian Government to open its restrictions on trade done by the private sector and between India and other countries.
Question 4
1 / -0

W.T.O. was established on _________.

A
$$1^{st}$$ Jan 1991

B
$$2^{nd}$$ March 1992

C
$$1^{st}$$ Jan 1995

D
$$2^{nd}$$ March 1997
Question 5
1 / -0

Liberalization refers to __________of previous government restrictions in the area of social and economic policies.

A
restriction

B
relaxation

C
regulation

D
re- structuring
Question 6
1 / -0

Which of the following organisation does not facilitate the process of globalization?

A
IMF (International Monetary Fund)

B
World Bank

C
Asian Bank

D
WTO (World Trade Organization)
Question 7
1 / -0

Encouragement of foreign equity participation in Indian industries is the major consideration for initiating a series of measures aimed at _________ the Indian economy during the last few years.

A
liberalizing

B
controlling

C
planning

D
privatization

Solution

The economic liberalisation in India referred to the economic liberalisation of the country's economic policies, initiated in 1991 with the goal of making the economy more market- and service-oriented, and expanding the role of private and foreign investment. Economic liberalization (or economic liberalisation) is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; the doctrine is associated with classical liberalism. LPG stands for Liberalization, Privatization, and Globalization. India under its New Economic Policy approached International Banks for development of the country. These agencies asked Indian Government to open its restrictions on trade done by the private sector and between India and other countries.
Question 8
1 / -0

In order to pursue the objective of globalization, what measures are being taken?

A
Opening the economy for foreign capital.

B
Convertibility of rupee.

C
Import liberalization.

D
All of the above.
Question 9
1 / -0

'Globalisation of Indian Economy' means.

A
Stepping up external borrowings

B
Establishing Indian business units abroad

C
Having minimum possible restrictions on economic relations with other countries

D
Giving up programmes of import substitution

Solution

Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe. Reasons for globalisation. There are several key factors which have influenced the process of globalisation: Improvements in transportation - larger cargo ships mean that the cost of transporting goods between countries has decreased. ... Transport improvements also mean that goods and people can travel more quickly. globalization is the process by which people and goods move easily across borders. Principally, it's an economic concept – the integration of markets, trade and investments with few barriers to slow the flow of products and services between nations.
Question 10
1 / -0

Many industries were not required to obtain license from the government after economic reforms in 1991. It is called _________.

A
removal of restriction

B
de-licensing

C
flexible exchange rate system

D
simplification of control

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Globalisation and the Indian Economy Test - 25

Result

Globalisation and the Indian Economy Test - 25

Score

-

Rank

-

SHARING IS CARING

Question 1

one domestic enterprise with another domestic enterprises

one domestic enterprise with international enterprises

domestic economy with world economy

domestic trade with the world trade

Solution

Question 2

Yashwant Singh

Manmolian Singh

Jaswant Singh

Both (a) & (c)

Question 3

Privatisation

Globalisation

Disinvestment

Liberalisation

Solution

Question 4

$$1^{st}$$ Jan 1991

$$2^{nd}$$ March 1992

$$1^{st}$$ Jan 1995

$$2^{nd}$$ March 1997

Question 5

restriction

relaxation

regulation

re- structuring

Question 6

IMF (International Monetary Fund)

World Bank

Asian Bank

WTO (World Trade Organization)

Question 7

liberalizing

controlling

planning

privatization

Solution

Question 8

Opening the economy for foreign capital.

Convertibility of rupee.

Import liberalization.

All of the above.

Question 9

Stepping up external borrowings

Establishing Indian business units abroad

Having minimum possible restrictions on economic relations with other countries

Giving up programmes of import substitution

Solution

Question 10

removal of restriction

de-licensing

flexible exchange rate system

simplification of control

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.