Matching Type MCQs of Liberalisation Privatisation Globalisation (IED Class 12)

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Looking for Matching Type MCQs of Liberalisation Privatisation Globalisation Chapter of Indian Economic Development (IED) Book of Class 12 CBSE, ISC, UPSC and state Boards.

We have compiled very important matching type Multiple choice Questions with answers of chapter 3 of the Indian Economic Development Book of Class 12.

Matching Type MCQs of Liberalisation Privatisation Globalisation chapter of Indian Economic Development class 12

Let’s Practice

From the set of statements given in Column I and Column II, choose the correct pair of statements.

In the pairing question, Just compare the correct pair, do not match.

Column – IColumn II
A – Financial Sector reformsi) Reduction in Taxes
B – Foreign Exchange Reformsii) Devaluation of Rupee
C – Industrial Sector Reformsiii) Change in Role of RBI
D – Tax Reformsiv) Removal of Export Duties

Options

a) A – i)
b) B – ii)
c) C – iii)
d) D – iv)

Ans – b)

Select the correct combination between the following Columns.

Column – AColumn – B
A – Trade barriersi) Reduction in the value of the domestic currency in comparison to foreign currencies as a result of market forces.
B – Devaluationii) Tariff and quota
C – Depreciationiii) Selling part of the equity of PSEs to the public
D – Disinvestmentiv) Deliberate downward adjustment of domestic currency with respect to foreign currencies.

Options

a) A -iii), B – i), C – iv), D – ii)
b) A – ii), B – i), C – iii), D – iv)
c) A – ii), B – iv), C – i), D – iii)
d) A – ii), B – iii), C – i), D – iv)

Ans – c)

Match the statements given under A with the correct options given under B.

Column – AColumn – B
i) Trade and Investment Policy ReformsA – Reforms in Indirect Taxes
B – Removal of Quantitative restrictions on imports and exports

Optoins

a) i) – A
b) i) – B

Ans – b)

Match the statements given under A with the correct options given under B.

Column – IColumn – II
i) LiberalisationA – Refers to integrating the National Economy with the World Economy.
ii) GlobalisationB – Refers to the removal of Entry and Growth restrictions on the Private Sector

Options

a) i) – A, ii) – B
b) i) – B, ii) – A

Ans – b)

Select the correct combination between the following columns:

Column – AColumn – B
A – Disinvestmenti) Trade between two countries
B – Minority Saleii) Trade between more than two countries
C – Bilateral tradeiii) To bring about financial discipline and modernization of PSUs
D – Multilateral tradeiv) Sale of 49% or less of the equity of PSUs

Options

a) A -iv), B – iii), C – ii), D – i)
b) A – iii), B – iv), C – ii), D – i)
c) A – iii), B – iv), C – i), D – ii)
d) A – iv), B – iii), C – i), D – ii)

Ans – d)

Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I.

Column – IColumn – II
A – Establishment of General Agreement of Trade and Tariff.i) 2017
B – Foundation of world Trade Organisatoinii) 2016
C – Demonetisation by Indian Governmentiii) 1948
D – Goods and Services Tax Act came into effect.iv) 1995

Options

a) A – i), B – iv), C – ii), D – iii)
b) A – ii), B – iv), C – iii), D – i)
c) A – iii), B – iv), C – i), D – ii)
d) A – iii), B – iv), C – ii), D – i)

Ans – d)

Select the correct combination between the following Columns.

Column – AColumn – B
A – Bilateral tradei) Make imports relatively costlier
B – Unilateral Tradeii) Trade between two countries
C – Tariff barriersiii) Barriers imposed on the quantity of imports and exports
D – Non-tariff barriersiv) One-sided, non-reciprocal trade preferences often granted by developed countries

Options

a) A – iv), B – ii), C – i), D – iii)
b) A – ii), B – iv), C – i), D – iii)
c) A – ii), B – iv), C – iii), D – i)
d) A – iv), B – ii), C – iii), D – i)

Ans – b)

Identify the correct pair from Column I and Column II and choose the correct alternative:

Column – IColumn – II
A – New Economic Policyi) It was initiated in 1990.
B – Goods and Services taxii) It was introduced in 2018.
C – Demonetisationiii) Recently, it was done in 2016
D – GATTiv) It was established in 1950.

Options

a) A – i)
b) B – ii)
c) C – iii)
d) D – iv)

Ans – c)
Explanation:- New Economic Policy was introducted 1991, Goods and service tax was introduced in 2017, The GATT was established in 1947 and Demonetisation in India began on 8 November 2016.

Identify and match the correct sequence of alternatives of organizations are given in Column I with their respective functions in Column II:

Column – IColumn – II
A – WTOi) Provides short term loans to solve the Balance of Payments problem
B – RBIii) is a multilateral trade negotiating body.
C – IMFiii) Facilitates lending for reconstruction and development
D – IBRDiv) is the Central Bank of India

Options

a) A – ii), B – i) C – iii), D – iv)
b) A – ii), B – iv), c – iii), D – i)
c) A – ii), B – iii), C – iv), D – i)
d) A – ii), B – iv), C – i), D – iii)

Ans – d)

Identify the correct sequence of alternatives given in Column II by Matching them with respective terms in Column I and, choose the correct alternative:

Column – IColumn – II
A – Fiscal Policyi) to administer multilateral agreements.
B – Direct taxesii) an important outcome of globalization.
C – Outsourcingiii) Government’s taxation and public expenditure policy.
D – GATT was formed in 1948iv) Taxes and incomes of individuals.

Options

a) A – iii), B – iv), C – ii), D – i)
b) A – iv), B – ii), C – iii), D – i)
c) A – i), B – iii), C – iv), D – ii)
d) A -iii), B – i), C – ii), D – iv)

Ans – a)

which of the given pair is incorrectly matched?

Column – AColumn – B
A – Strategic salei) Sale of 51% or more equity of the PSUs
B – Minority Saleii) Sale of 49% or less equity of the PSUs
C – Quotaiii) Trade Promoter
D – Foreign Investmentiv) FDI + FII

Options

a) A – i)
b) B – ii)
c) C – iii)
d) D – iv)

Ans – c)

Identify the correct pair from Column I and Column II and choose the correct alternative:

Column – IColumn – II
A – Privatisationi) Removing trade barriers
B – Disinvestmentii) Includes strategic and minority sale
C – Gloablisationiii) It is an outcome of outsourcing
D – Outsourcingiv) Get the work done by employees in the organisation itself.

Options

a) A – i)
b) B – ii)
c) C – iii)
d) D – iv)

Ans – b)

Identify the correct pair from Column I and Column II and choose the correct alternative:

Column – IColumn – II
A – Indian Oil Corporation Limitedi) Navratnas
B – Mahanagar Telephone Nigam Limitedii) Miniratnas
C – Airport Authority of Indiaiii) Maharatnas
D – Hindustan Aeronautics Limitediv) Navratnas

Options

a) A – i)
b) B – ii)
c) C – iii)
d) D – iv)

Ans – d)
Explanation:- Indian Oil Corporation Limited is a Maharatna, Mahanagar Telephone Nigam Ltd is a Navratna, Airports Authority of India is a Miniratna, Hindustan Aeronautics Limited is a Navratnas.

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