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Free MCQ’s Quiz on Class 12 Economics Chapter 3 – Liberalisation, Globalisation, and Privatisation: An appraisal – Set 1

Free MCQ’s Quiz for Class 12 Economics – Indian Economic Development Chapter 3 – Liberalisation, Globalisation, and Privatisation: An appraisal with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 12th Economics – Indian Economic Development – ‘Liberalisation, Globalisation, and Privatisation: An appraisal’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 12 Economics – Economics – Indian Economic Development Chapter 3 – Liberalisation, Globalisation, and Privatisation: An appraisal. A country’s economy involves all production, distribution, and economic tasks involving people, and it determines the standard of living. Due to British colonial domination, the Indian economy was in terrible condition on the eve of independence. The main objective of the British colonial administration in India was to reduce the country to a feeder economy for the fast-increasing modern industrial base of Great Britain.

To make you perfect in this topic – Liberalisation, Globalisation, and Privatisation: An appraisal, we are here with a set of MCQs Quiz that will help you in brushing up your understanding of the concepts.

Free MCQ’s on Liberalisation, Globalisation, and Privatisation: An appraisal.

Free MCQ’s on Liberalisation, Globalisation, and Privatisation: An appraisal

Results

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#1. When did India start implementing economic reforms?

#2. Why was there a need for economic reforms in India?

#3. When did the Gulf Crisis take place?

#4. What is New Economic Policy's major feature?

#5. _______ is the excess of expenditure (borrowings) over income.

#6. Which is the small-scale investment limit?

#7. How many countries are members of the World Trade Organization (WTO)?

#8. What does the IMF stand for?

#9. What is another name for the World Bank?

#10. Where is the World Trade Organization's (WTO) headquarters?

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