Liberalisation MCQs : This section focuses on the "Liberalisation" - Economics Class 11. These Multiple Choice Questions (MCQs) should be practiced to improve the Economics Class 11 skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.
Question 1
__________ is the process or means of the elimination of control of the state over economic activities.
A. Privatisation
B. Liberalisation
C. Globalisation
D. All of the above
Question 2
What are the objectives of liberalisation?
A. To boost competition between domestic businesses
B. To promote foreign trade and regulate imports and exports
C. To improve the technology and foreign capital
D. All of the above
Question 3
Liberalisation has enhanced the flow of capital by making it affordable for the businesses to reach the capital from investors and take a profitable project.
A. TRUE
B. FALSE
C. Can be true or false
D. Can not say
Question 4
______________ introduced more competition into the economy with aim of increasing efficiency.
A. Privatisation
B. Liberalisation
C. Globalisation
D. None of the above
Question 5
Which of the following reforms are included under liberalisation taken by the government?
A. Industrial Sector Reforms
B. Financial Sector Reforms
C. Tax Reforms
D. All of the above
Question 6
Which of the following is Negative Impact of Liberalisation in India?
A. Free flow of capital
B. Diversity for investors
C. Technological impact
D. Impact on agriculture
Question 7
Which of the following example of Liberalisation?
A. Indian Union liberalising electricity and gas
B. European Union liberalising electricity and gas
C. Nepal Union liberalising electricity and gas
D. Asia Union liberalising electricity and gas
Question 8
Which of the following are the pros of Liberalisation?
A. Removing the tariff barriers and, therefore, reducing the products or services prices for the consumers
B. Trade liberalisation will increase the competition from abroad
C. Encourage incoming investment
D. All of the above
Question 9
The one important role of liberalisation is to ease the government controls to encourage economic development.
A. Yes
B. No
C. Can be yes or no
D. Can not say
Question 10
Liberalisation means removing all unnecessary controls and restrictions like permits, licenses, quotas etc. imposed by the government.
A. Yes
B. No
C. Can be yes or no
D. Can not say