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Class 11 Liberalisation, Privatisation and Globalisation worksheet
CBSE Social Science. The 1991 reforms: deregulation, financial, tax, foreign exchange and trade reforms, disinvestment, outsourcing and the WTO, with GDP growth by sector. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.
Sample questions
Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.
Section A · multiple choice
- 1.
India’s New Economic Policy was announced in:
- 1995
- 2001
- 1981
- 1991
Answer
(d) 1991
- 2.
“Letting foreign institutional investors invest in Indian markets” is an example of:
- financial sector reform
- privatisation
- trade policy reform
- foreign exchange reform
Answer
(a) financial sector reform
- 3.
What is meant by “disinvestment”?
- foreign currency kept to pay for imports
- removing restrictions and opening up sectors of the economy
- selling part of the equity of public enterprises to the public
- shedding government ownership or management of enterprises
Answer
(c) selling part of the equity of public enterprises to the public
Section B · short answer
- 4.
What is liberalisation?
Answer
Removing restrictions on economic activity and opening up sectors of the economy.
- 5.
Explain each term: (a) privatisation (b) stabilisation measures
Answer
(a) shedding government ownership or management of enterprises (b) short-term steps to fix the balance of payments and inflation
Section C · long answer
- 6.
Describe the reforms in the industrial sector after 1991.
Answer
Licensing was abolished for most products, few industries stayed reserved for the public sector, many small-scale products were dereserved, and markets were allowed to set most prices.
Fresh sheets for your child
In the app, every Liberalisation, Privatisation and Globalisation sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.
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