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Liberalization, Privatization and Globalization Book Back One Mark Online Test (12th Standard Commerce)

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__________ is the result of New Industrial Policy which abolished the 'License System'.

A.Globalisation B.Privatisation C.Liberalisation D.None of these

__________ means permitting the private sector to set up industries which were previously reserved for public sector.

A.Liberalisation B.Privatisation C.Globalisation D.Public Enterprise

__________ ownership makes bold management decisions due to their strong foundation in the international level.

A.Private B.Public C.Corporate D.MNC's

__________ results from the removal of barriers between national economies to encourage the flow of goods, services, capital and labour.

A.Privatisation B.Liberalisation C.Globalisation D.Foreign Trade

New Economic Policy was introduced in the year _______.

A.1980 B.1991 C.2013 D.2015

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About this Liberalization, Privatization and Globalization test

This free online practice test covers Liberalization, Privatization and Globalization from the 12th Standard Commerce (Samacheer Kalvi) syllabus. Choose the number of questions and an optional time limit, then answer and submit — everything is checked in your browser, with the correct answers and a worked explanation shown at the end. For the full solutions to every question in this set, see the solved MCQs page.

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