Business Environment - 3

1) Identify out of the LPG, which one is highlighted:

Selling shares of public sector undertakings

• Liberalization

• Privatization

• Globalization

• None

2) Identify out of the LPG, which one is highlighted:

Lifting of unnecessary controls over the firms.

• Liberlization

• Privatization

• Globalization

• None

3) Identify out of the LPG, which one is highlighted:

NDPL and BSES instead of Delhi Vidyut Board

• Liberalization

• Privatization

• Globalization

• None

4) Identify out of the LPG, which one is highlighted:

Easy movement of information and technology with rest of the world.

• Liberalization

• Privatization

• Globalization

• None

5) After new economic policy, there is a shift from Production oriented approach to ______ approach.

• Seller

• Market

• Social

• Commercial

6) True or False:

After Globalization means integration of Indian economy with the European Economy.

• TRUE

• FALSE

7) Which of the following statement best describes the policy of Liberalization?

• Abolition of licensing requirement in most of the industries

• Reduction in tax rates and lifting of unnecessary controls over the economy

• Both a and b

• Setting up Board of Industrial and Financial Reconstruction

8) One of the components of New Industrial Policy has led to reduction in tax rates and lifting of unnecessary control and restrictions over private sector?

• Liberalization

• Privatization

• Globalization

• None

9) There has been tremendous growth in BPO and KPO services. Identify the economic reform responsible for this trend?

• Liberalization

• Privatization

• Globalization

• None

10) Liberalization means:

• Integration among economies

• Reduced government controls and restrictions

• Policy of planned disinvestments

• None of them