Liberalisation, Privatisation and Globalisation: An Appraisal
Assam Board · Class 11 · Economics
Most important questions from Liberalisation, Privatisation and Globalisation: An Appraisal for Assam Board Class 11 Economics board exam 2026. MCQs, short answer, and long answer questions with marks.
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Sample Questions
What is outsourcing in the context of globalization?
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Hiring external services, often from other countries
Outsourcing involves a company hiring regular services from external sources, typically from other countries, which were previously provided internally.
When was the World Trade Organisation (WTO) founded?
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1995
The WTO was founded in 1995 as the successor organization to the General Agreement on Trade and Tariff (GATT).
What does FDI stand for?
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Foreign Direct Investment
FDI refers to Foreign Direct Investment, which involves investments made by foreign entities in a country's economy.
Which sector showed the highest growth during the post-1991 reform period?
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Services
The service sector witnessed the highest growth during the post-1991 reform period, driving India's GDP growth.
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