CUET 2026 Economics Liberalisation, Privatisation And Globalisation MCQ Question Answers

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

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

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

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

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

6. Question

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

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

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

10. Question

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

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

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

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

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

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

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

18. Question

19. 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.

20. 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.