Every Book Back multiple-choice question from Liberalization, Privatization and Globalization (12th Standard Commerce, Samacheer Kalvi) — each with the correct option highlighted and a clear, worked explanation. Free to read in English and Tamil.
__________ is the result of New Industrial Policy which abolished the 'License System'.
A. Globalisation
B. Privatisation
C. LiberalisationCorrect
D. None of these
Explanation. Section 20.02 states that liberalization is the result of the New Industrial Policy, which abolished the 'License system' or 'Licence Raj'. The book's key also gives (c).
Q2
__________ means permitting the private sector to set up industries which were previously reserved for public sector.
A. Liberalisation
B. PrivatisationCorrect
C. Globalisation
D. Public Enterprise
Explanation. Section 20.05 explains that privatisation simply means permitting the private sector to set up industries previously reserved for the public sector; many PSUs were sold to the private sector. The book's key also gives (b).
Q3
__________ ownership makes bold management decisions due to their strong foundation in the international level.
A. PrivateCorrect
B. Public
C. Corporate
D. MNC's
Explanation. Under the advantage 'professional management' of privatisation, the lesson says private ownership makes bold management decisions due to its strong foundation at international level. The book's key also gives (a).
Q4
__________ results from the removal of barriers between national economies to encourage the flow of goods, services, capital and labour.
A. Privatisation
B. Liberalisation
C. GlobalisationCorrect
D. Foreign Trade
Explanation. Section 20.08 states that globalization results from the removal of barriers between national economies to encourage the flow of goods, services, capital and labour. The book's key also gives (c).
Q5
New Economic Policy was introduced in the year _______.
A. 1980
B. 1991Correct
C. 2013
D. 2015
Explanation. India committed itself to the New Economic Policy in 1991, after taking loans from the World Bank and IMF to meet its balance of payments crisis. The book's key also gives (b).
About these Liberalization, Privatization and Globalization questions
These are the Book Back multiple-choice questions for Liberalization, Privatization and Globalization from the Tamil Nadu State Board (Samacheer Kalvi) 12th Standard Commerce syllabus. Each question shows the correct option and an original, step-by-step explanation so you understand the method, not just the answer. Use the answer key above to jump to any question, then take the practice test to check yourself under exam-like conditions.
Frequently asked questions
How many MCQs are there in Liberalization, Privatization and Globalization?
This chapter has 5 book-back multiple-choice questions, each with the correct answer and a step-by-step explanation.
Are these 12th Standard Commerce MCQs free to practise online?
Yes. Every question, answer and explanation here is free, and you can also take them as a timed practice test.
Where can I find the Liberalization, Privatization and Globalization book-back answers?
The correct option for each question is highlighted on this page with a worked explanation, plus a quick answer-key summary at the top.
