Assertion Reason MCQs of Liberalisation Privatisation Globalisation Economics class 12

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Looking for important assertion reason-based MCQs with answers of Liberalisation privatization Globalisation chapter of Indian economic development book of Class 12 CBSE, ISC, UPSC and other state Board.

We have compiled very important Assertion reason-based multiple choice questions with answers of chapter 3 of the Indian economic development book of class 12

Assertion Reason Multiple choice question with answers of liberalisation privatisation globalisation chapter of economics class 12

Let’s Practice

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:

Assertion (A): Every year, the government fixes a target for the disinvestment of public sector enterprises (PSEs)

Reason (R): As per the Five Year Plan, The Indian Government is moving to a more Capitalist Economy by selling enterprises that can be managed by the private sector.

Alternatives:

a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is true.

Ans – a)

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:

Assertion (A): India has become a favorite destination of outsourcing for most of MNCs.

Reason (R): India has vast skilled and cheap manpower which enhances the faith of MNCs for investment in India.

Alternatives:

a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is true.

Ans – a)

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:

Assertion (A): After the New Economic Policy was announced in1991, domestic competition has increased.

Reason (R): Industrial sector reforms abolished industrial licensing for all the projects, except for a shortlist of industries.

Alternatives:

a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is true.

Ans – a)

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:

Assertion (A): Under the Financial Sector Reforms, the financial sector was allowed to take decisions after consulting RBI.

Reason (R): The role of RBI was reduced from regulator to facilitator of the financial sector.

Alternatives:

a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is true.

Ans – d)
Explanation:- After Financial Sector Reforms, Financial Enterprises can take financial decision without consulting the RBI.

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:

Assertion (A): New Economic Policy introduced in 1991 initiated liberalization of the Indian Economy.

Reason (R): Industrial growth was very slow before 1991.

Alternatives:

a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is true.

Ans – a)

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