India is one among such nations to commit itself to the New Economic Policy in

(a)

1991

(b)

1995

(c)

1990

(d)

1986

Liberalization is the result of New Industrial policy which abolished the

(a)

License System

(b)

License Ray

(c)

Both (a) and (b)

(d)

None of these

Investment limit of the small scale industries have been raised to

(a)

Rs. 50lakhs

(b)

Rs. 25lakhs

(c)

Rs. 1 cr

(d)

Rs. 5 cr

If a country liberalises its trade, it will make the country more attractive for

(a)

inward investment

(b)

exchange reserve

(c)

consumption

(d)

price

The removal of tariff barriers can lead to lower prices for

(a)

suppliers

(b)

consumers

(c)

competitors

(d)

none of these

Which of the following reduces the dependence on external commercial borrowings by attracting more foreign investments.

(a)

Privatization

(b)

Liberalization

(c)

Globalization

(d)

None of the above

The trade liberalisation often benefits developed countries rather than developing

(a)

nations

(b)

sector

(c)

economies

(d)

none of these

A number of multinational companies started operating world wide including

(a)

India

(b)

China

(c)

America

(d)

London

Memorandum of understanding system was introduced in

(a)

1990

(b)

1991

(c)

1992

(d)

1994

Privatization is associated with improved efficiency due to the

(a)

service motive

(b)

profit motive

(c)

customer's satisfaction

(d)

higher employment

Liberalisation, privatisation and globlisation are the aims of

(a)

Economic planning

(b)

Socialistic pattern of society

(c)

Land reforms

(d)

Economic reforms

Globalisation has posed major challenges for

(a)

big producers

(b)

small producers

(c)

rural poor

(d)

none of these

Globalisation has created new opportunities of

(a)

employment

(b)

emerging multinational

(c)

providing services

(d)

all of the above

Removing barriers or restrictions set by the government is called

(a)

liberalisation

(b)

privatisation

(c)

disinvestment

(d)

globalisation

One major factors that has stimulated the globlisation process is

(a)

effective utilisation of resources

(b)

increase in income and wealth

(c)

Willingness to cooperate

(d)

rapid improvement in technology