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

(a)

Globalisation

(b)

Privatisation

(c)

Liberalisation

(d)

None of these

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

(a)

Private

(b)

Public

(c)

Corporate

(d)

MNC's

New Economic Policy was introduced in the year___________.

(a)

1980

(b)

1991

(c)

2013

(d)

2015

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

The removal of tariff barriers can lead to lower prices for

(a)

suppliers

(b)

consumers

(c)

competitors

(d)

none of these

The trade liberalisation often benefits developed countries rather than developing

(a)

nations

(b)

sector

(c)

economies

(d)

none of these

Liberalisation, privatisation and globlisation are the aims of

(a)

Economic planning

(b)

Socialistic pattern of society

(c)

Land reforms

(d)

Economic reforms

Liberalization means

(a)

Reducing number of reserved industries from 17 to 80

(b)

Liberating the industry, trade and economy from unwanted restrictions

(c)

Opening up of economy to the world by attaining international competitiveness

(d)

Free determination of interest rates

Currently, only_______ industries are under compulsory licensing.

(a)

two

(b)

three

(c)

four

(d)

five

________ stands for the consolidation of the various economies of the world.

(a)

Privatisation

(b)

Liberalisation

(c)

Globalisation

(d)

All of these