CUET 2026 Economics Liberalisation, Privatisation And Globalisation MCQ Question Answers

1. India agreed to the conditionalities of World Bank and IMF and announced the _______

2. Question

3. Every _______, the government fixes a target for disinvestment of PSE

4. What Is popularly Known as International Bank for Reconstruction and Development (IBRD)

5. The aim of ________ was also to promote the efficiency of local industries and adoption of modern technologies

6. Question

7. Question

8. Economic Reforms were brought up in India after which Year:

9. In the late 1980s, government expenditure began to exceed its revenue by such large margins & then it approached the International Bank for Reconstruction and Development (IBRD) and received ______ as loan to manage the crisis.

10. The _____agreements cover trade in goods as well as services to facilitate international trade (bilateral and multilateral) through removal of tariff as well as non-tariff barriers and providing greater market access to all member countries.

11. Tax on commodities is called ________ Tax whereas tax on Income of Business Individuals is called ______tax.

12. The government envisaged that privatisation could provide strong impetus to the inflow of ____.

13. liberalisation measures were introduced in 1980s in areas of:

14. ______of the public sector enterprises by selling off part of the equity of PSEs to the public is known as disinvestment

15. _______is the outcome of the policies of liberalisation and privatisation.

16. Under Privatisation Government companies are converted into private companies in way(s)

17. In_____, a company hires regular service from external sources, mostly from other countries, which was previously provided internally or from within the country

18. ______is generally understood to mean integration of the economy of the country with the world economy

19. _____have been removed to increase the competitive position of Indian goods in the international markets.

20. The objective of the ______is to establish a rule-based trade regime to ensure optimum utilisation of world resources