LPG Model — Important Questions
ICSE · Class 9 · Economics
66 important questions from LPG Model for ICSE Class 9 Economics, with answers. Includes multiple choice and multiple correct questions.
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Important Questions from LPG Model
Which of the following is a component of the LPG Model?
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Liberalisation
Liberalisation is one of the three components of the LPG Model.
Which statement best describes liberalisation?
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Liberating trade and industry from unwanted government controls and restrictions
Liberalisation means removing unwanted controls and restrictions on trade and industry.
What is privatisation?
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A process that reduces the participation of the state or public sector in economic activities
Privatisation reduces the role of the state or public sector and gives a greater role to private capital.
What does globalisation mean?
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Integrating the domestic economy with the world economy
Globalisation means integrating the economy with the world economy.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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