Economic and Social Development | Liberalisation, Privatisation and Globalisation

Economic and Social Development | Liberalisation, Privatisation and Globalisation

Dec 20, 2024 - 11:07
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1. Who is called the pioneer of liberalisation of Indian Economy?

Dr. Manmohan Singh
P.V. Narsimha Rao
Dr. Bimal Jalan
P. Chidambaram

2. Promotion given to Multinational companies in India means encouragement of

Privatisation policy
Globalisation policy
Liberalisation policy
All of the above

3. Rangrajan committee was constituted for

Disinvestment
Banking reforms
Tax reforms
Foreign Trade

4. The first phase of liberalisation was initiated in India under the regime of

Rajiv Gandhi
P.V. Narsimha Rao
Atal Behari Vajpayee
H.D. Dev Gowda

5. Globalisation does not include

Reduction in import duties
Abolition of import licensing
Free flow of foreign Direct Investment
Disinvestment of Public Sector equity

6. Free Trade Policy refers to a policy where there is

absence of tariff
restriction on the movement of goods
existence of anti-dumping policy
encouragement for balanced growth

7. The first Export Processing Zone of the Private Sector was established at

Surat
Noida
Chennai
Mangalore

8. Free trade zone is one

where trade's done without restrictions
where any entrepreneur is free to start industries
where infrastructure facilities are provided free to entrepreneurs by the government
where industries are free from: excise duties and produce for exports

9. Which of the following is not part of the 'Second-generation of Reforms' identified by the government?

Oil Sector Reforms
Public Sector Reforms
Legal System Reforms
Reform of Government & Public Institutions

10. Why companies go for business process re-engineering with the help of technology?

Customers demand and expectations
IT being leveraged to provide competitive edge in products and services at lower costs
The pace of change has accelerated with the liberalisation of economies world over
All of the above