CA/CS Foundation MCQ Question Economic Reforms In India I
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Test Preparation on CA/CS Foundation MCQ Question Economic Reforms In India I
1.
What is Privatisation?
1
It refers to the disposal of public sectors equity in the market
2
It refers to the transfer of assets from public toprivate sector ownership
3
It means integrating the domestic economy with the world economy
4
None of the above
2.
.......... refers to the transfer of assets or service functions from public to private ownership.
1
Liberalisation
2
Privatisation
3
Globalisation
4
Disinvestment
3.
Privatisation refers to -
1
The transfer of assets or service functions from public to private ownership or control
2
The opening of hitherto closed areas to Private Sector entry
3
Both (1) and (2)
4
Neither (1) nor (2)
4.
Privatisation will be successful only if the following conditions are satisfied -
1
Liberalisation and De-regulation of the economy
2
Well-developed Capital Markets to be able to absorb the disinvested Public Sector Shares
3
Availability of an Entrepreneurial Class to under take business responsibilities and risks
4
All of the above
5.
The pre-condition for privatization to be successful is
1
Liberalisation and Deregulation of the economy
2
Capital Markets should be sufficiently developed
3
Neither (1) nor (2)
4
Both (1)&(2)
6.
Privatisation can be achieved by way of-
1
Franchising
2
Leasing
3
Divestiture
4
All of the above
7.
Which of the following statements regarding Privatization is correct?
1
Privatization is panacea for all economic problems
2
Privatization always leads to attaining social andeconomic efficiency
3
Privatization may result in lopsided development of Industries In the country
4
None of the above
8.
Which of the following statements is against Privatization?
1
Privatization will help reducing the burden on exchequer
2
It will help the profit making public sector units to modernize and diversity their business.
3
It will help in making public sector units more competitive
4
None of the above
9.
Which of the following is not an argument in favour of Privatisation?
1
Reduction In the burden of the Government /Public Exchequer
2
Making Public Sector Units more competitive
3
Lop-sided development of industries
4
Reviving Sick Units which have become a liability on the Public Sector
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