Question 1 of 15
India's economic reforms began in:
A
1985
B
1991
C
2000
D
1971
View Correct Answer & Step-by-Step Solution
Correct Option:(B)1991
Detailed explanation is available inside the official test attempt review.
Class 11 Economics: Liberalisation, Privatisation and Globalisation — Chapter Test 1
Class 11 • Economics • Liberalisation, Privatisation and Globalisation • Chapter Test
MediumFREE
15
Questions
20 min
Duration
15
Marks (1 each)
No
Negative marking
Original practice questions with full solutions by ExamPortal.
Instructions
- • Read each question carefully and pick the correct answer.
- • You can mark questions for review and come back to them.
- • Answers are saved automatically.
- • The test is submitted automatically when time runs out.
Access
This test is completely free.
Finish it to earn +5 points.
SYLLABUS & QUESTION BLUEPRINT
Sample Practice Questions
Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.
Question 2 of 15
The immediate cause of the 1991 crisis was:
A
excess foreign exchange
B
a severe balance of payments crisis and low forex reserves
C
high exports
D
low inflation
View Correct Answer & Step-by-Step Solution
Correct Option:(B)a severe balance of payments crisis and low forex reserves
Detailed explanation is available inside the official test attempt review.
Question 3 of 15
The Finance Minister who introduced the 1991 reforms was:
A
P. Chidambaram
B
Manmohan Singh
C
Yashwant Sinha
D
Pranab Mukherjee
View Correct Answer & Step-by-Step Solution
Correct Option:(B)Manmohan Singh
Detailed explanation is available inside the official test attempt review.
Question 4 of 15
Liberalisation meant:
A
more controls
B
removal of unnecessary controls and restrictions
C
nationalisation
D
higher tariffs
View Correct Answer & Step-by-Step Solution
Correct Option:(B)removal of unnecessary controls and restrictions
Detailed explanation is available inside the official test attempt review.
Question 5 of 15
Privatisation means:
A
government taking over firms
B
transfer of ownership/management of PSUs to the private sector
C
banning private firms
D
higher taxes
View Correct Answer & Step-by-Step Solution
Correct Option:(B)transfer of ownership/management of PSUs to the private sector
Detailed explanation is available inside the official test attempt review.
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Frequently asked questions
How many questions are there in Class 11 Economics: Liberalisation, Privatisation and Globalisation — Chapter Test 1?
There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.
Is there negative marking?
No. Wrong answers do not lose marks, so attempt every question.
Is this mock test free?
Yes, it is completely free. Just log in with your email to start.
What does this test cover?
It covers the chapter "Liberalisation, Privatisation and Globalisation" of Class 11 Economics. All questions are original, with a full solution for each.
Will I see my result and the solutions?
Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.
Can I take this test again?
Yes, you can retake it as many times as you like and compare your scores.