12th Class Economics Foreign Trade Question Bank MCQs - India's Foreign Trade (1947-1990)

  • question_answer
    From the following statements given in Column I and Column II, choose the correct pair of statements:
    Column I Column II
    A. Privatisation 1. Hiring services from external sources
    B. Globalisation 2. Transfer of ownership from public to private
    C. Liberalisation 3. Reducing restrictions by government on firms
    D. Outsourcing   4. Integrating Indian Economy with rest of the world

    A) A - 4, B - 1, C - 2, D - 3

    B) A - 2, B - 4, C - 3, D - 1

    C) A - 3, B - 2, C - 1, D - 4

    D) A - 1, B - 3, C - 4, D - 2

    Correct Answer: B

    Solution :

    [b] A - 2, B - 4, C - 3, D - 1


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