EASY
Earn 100
Explain economic liberalisation.
Important Questions on Globalisation and Indian Economy
EASY
The process which increases the role of the private sector in economy is called:
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In the process of globalisation, _____(multinational corporations/domestic companies) are playing a major role.
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_____ created new opportunities for companies providing services, particularly those involving IT. (Globalisation/Urbanisation)
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Developing countries are pressurised by _____ to liberalise their trade and investment policies. (World Trade Organisation / World Bank)
MEDIUM
Globalization is the process of _____ between countries. (Mutual sharing/ Rapid Integration)
EASY
The government of each country can negotiate with the _____ for fair rules regarding liberalisation. (World Trade Organisation / World Trade Centre)
MEDIUM
Globalisation and greater competition amongst producers has been of advantage to both local and foreign producers, it has also acted as an advantage to _____. (Manufacturers/ Consumers)
MEDIUM
Prior to globalisation, production was largely organised within the _____(country/state).
EASY
_____ is the process of removing barriers or restrictions related to trade.
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The process of removing of restrictions set by government is known as _____(Liberalisation/Privatisation).
MEDIUM
The economic policy of _____ involves the process of disinvestment of public sector undertaking to the private entrepreneurs. (Liberalisation/ Privatisation)
MEDIUM
Tax on imports is an example of _____. (Trade Barrier/ Technological Barrier)
MEDIUM
Companies setting up production units in SEZ, don't have to pay taxes for an initial period of _____(five/ten)years.
MEDIUM
_____ allows one's to send instant electronic mail (e-mail) and talk (voice-mail) across the world at negligible costs. (Internet/ Trade)
HARD
The aim of _____ is to liberalise international trade.(World Trade Centre/World Trade Organisation)
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Rapid improvement in _____ has been one major factor that has simulated the globalisation process. (liberalisation/ technology)
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Information Technology has played a big role in organising production across _____(countries/companies).
MEDIUM
_____(Trade/Interest) has connected distant countries and continents.
MEDIUM
The World Trade Organisation has _____ ()member countries.
MEDIUM
The Indian government has also allowed flexibility in the _____ (labour/company)laws to attract foreign investment.
