Liberalisation, Privatisation and Globalisation: An Appraisal — Practice Quiz
CBSE · Class 11 · Economics
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Quick Quiz: Liberalisation, Privatisation and Globalisation: An Appraisal
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In which year did India introduce major economic reforms?
What does LPG stand for in the context of Indian economic reforms?
Which international organizations provided loans to India during the 1991 economic crisis?
What was the primary purpose of industrial licensing before 1991?
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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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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