Liberalisation, Privatisation and Globalisation: An Appraisal — Important Questions
CBSE · Class 11 · Economics
123 important questions from Liberalisation, Privatisation and Globalisation: An Appraisal for CBSE Class 11 Economics, with answers.
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Important Questions from Liberalisation, Privatisation and Globalisation: An Appraisal
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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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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