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12th Commerce Weekly Test - 1 ( Liberalisation Privatisation & Globalisation )

St. Britto Hr. Sec. School - Madurai

12th Commerce Weekly Test - 1 ( Liberalisation Privatisation & Globalisation )-Aug 2020

Time : 1.30 Hours

Part - A

Multiple Choice Question - Answer All Question

Which of the following reduces the dependence on external commercial borrowings by attracting more foreign investments.

Privatization
Liberalization
Globalization
None of the above

_____________ stands for the consolidation of the various economies of the world.

Privatisation
Liberalisation
Globalisation
All ofthese

___________ industry has been liberalised.

Drugs and pharmaceuticals
Hazardous chemicals
Tobacco products
Defence equipment

Which of the following is not derived from globlisation?

The fragmentation of consumer taste between countries
The competitive process
The need to gain economies of scale
none of these

___________ means permitting the private sector to set up industries which were previously reserved for the Public Sector.

Liberalization
Privatization
Globalisation
None of these

Removing barriers or restrictions set by the government is called

liberalisation
privatisation
disinvestment
globalisation

Globalisation widens the gap between and

employers,employees
employment, unemployment
rich, poor
Capitalism, socialism

Investment limit of the small scale industries have been raised to

₹50 lakhs
₹25 lakhs
₹1 cr
₹5 cr

The removal of tariff barriers can lead to lower prices for

suppliers
consumers
competitors
none of these

_______________ brings an end to the difference between domestic and international markets.

Liberalization
Globalization
Privatization
None of these

Part - B

Generic 2 - Answer All Question

What is Privatisation?
Name the industries which are reserved for public sector.

Give any three advantages of Globalisation.

Mention any three disadvantages of Liberalisation.

State the branches of New Economic Policy .

Part - C

Generic 3 - Answer All Question

What do you mean by Liberalisation?

State any three impacts on Globalisation.

Explain the concept of Privatisation.

What are advantages of disinvestment?
What are the advantages of privatization?

Part - D

Generic 5 - Answer All Question

Explain the forms of Liberalization.

Explain the impact of LPG on Indian Economy.
Explain the advantages and disadvantages of liberalisation.

Explain the forms of Privatization.

Explain the forms of Privatization.

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