CUET 2023 Economics Liberalisation, Privatisation And Globalisation MCQ Question Answers

1. 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.

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

3. 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.

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

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

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

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

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

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

10. Question

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

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

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

14. Question

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

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

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

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

19. Question

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