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Class 12 Economics
Liberalisation, Privatisation And Globalisation: An Appraisal
Quiz 1
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Why there was a need for economic reforms in India?
0%
Due to fiscal deficit
0%
Due to adverse BOP
0%
Rise in prices
0%
All of the above
Explanation
All of the above
When did the Gulf Crisis take place?
0%
1985
0%
1990-91
0%
1995
0%
1975
Explanation
1990-91
How much loan was provided by World Bank and IMF during the nineties to bail India out of the crisis?
0%
$10 million
0%
$10 billion
0%
$7 billion
0%
$20 billion
Explanation
$7 billion
What is the main feature of New Economic Policy?
0%
Liberalisation
0%
Privatisation
0%
Globalisation
0%
All of the above
Explanation
All of the above
For how many industries, licensing is still necessary?
0%
7
0%
6
0%
9
0%
10
Explanation
6
How many industries are entirely reserved for the public sector?
0%
6
0%
10
0%
2
0%
4
Explanation
2
What is the investment limit in small scale industries?
0%
50 lakh
0%
1 crore
0%
25 lakh
0%
75 crore
Explanation
1 crore
When was VAT introduced in most of the States of India?
0%
1995
0%
2001
0%
2005
0%
2006
Explanation
2005
How many countries are the members of WTO?
0%
164
0%
120
0%
96
0%
48
Explanation
164
When was WTO established?
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1996
0%
1998
0%
2000
0%
1995
Explanation
1995
Where is the headquarters of WTO located?
0%
Italy
0%
Geneva
0%
New York
0%
Washington
Explanation
Geneva
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