________ is the result of New Industrial Policy which abolished the 'License System'.

(a)

Globalisation

(b)

Privatisation

(c)

Liberalisation

(d)

None of these

________ means permitting the private sector to setup industries which were previously reserved for public sector.

(a)

Liberalisation

(b)

Privatisation

(c)

Globalisation

(d)

Public Enterprise

_________ ownership makes bold management decisions due to their strong foundation in the international level.

(a)

Private

(b)

Public

(c)

Corporate

(d)

MNC's

_______ results from the removal of barriers between national economies to encourage the flow of goods, services, capital and labour.

(a)

Privatisation

(b)

Liberalisation

(c)

Globalisation

(d)

Foreign Trade

New Economic Policy was introduced in the year___________.

(a)

1980

(b)

1991

(c)

2013

(d)

2015

State the branches of New Economic Policy.

Mention any two disadvantages of Liberalisation.

Name the industries which are reserved for public sector.

What are advantages of disinvestment?

State any three impacts on Globalisation.

Write a short note on New Economic Policy.

Explain the advantages and disadvantages of liberalisation.(any 5)

Explain the impact of LPG on Indian Economy.