Tag: concept and necessity of globalization

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Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

___________ enables the government to concentrate more on the essential state.

  1. Privatization

  2. Political policies

  3. Increase in tax returns

  4. Fiscal policies
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Privatization enables the government to concentrate more on the essential state.Privatization refers to  the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.The objective of privatization is to generate revenues for the state.

Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

"Foreign Collaboration" is an outcome of ________.

  1. globalization

  2. increase in skilled labour

  3. reduction in export duty

  4. privatization
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

"Foreign Collaboration" is an outcome of privatization. It refers to  the process of transferring of ownership and management of an enterprise from public sector to the private sector.

Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

The inability of domestic markets to provide ample business for all is the reason for _________.

  1. liberalization

  2. globalization

  3. change in political policies

  4. increase in export
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The inability of domestic markets to provide ample business for all is the reason for globalization. Globalization is defined as the process of growing interdependence of the economies through increasing volume and variety of cross border transactions in goods and services and of international capital flows, and also throug the more rapid and widespread diffusion of technology.

Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

The relaxation of government restrictions in areas of social of economic policy is known as _______.

  1. privatization

  2. globalization

  3. liberalization

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The relaxation of government restrictions in areas of social of economic policy is known as liberalization. It refers to the process of eliminating unnecessary conntrols and restrictions on the smooth functioning of business enterprise.

Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

Macro level globalization means ________.

  1. globalization of the world economy

  2. globalization of the business and the form

  3. both a and b

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Macro level globalization means globalization of the world economy.Globalization is defined as the process of growing interdependence of the economies through increasing volume and variety of cross border transactions in goods and services and of international capital flows, and also throug the more rapid and widespread diffusion of technology.

Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

The important routes of privatization are _______.

  1. privatization of management, using leases and management contracts

  2. privatization of ownership, through the sales of equality

  3. franchising-authorizing the delivery of certain services in designated geographical areas

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Privatization refers to  the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.The important routes of privatization are:a) privatization of management, using leases and management contracts
b) privatization of ownership, through the sales of equalityc) franchising-authorizing the delivery of certain services in designated geographical areas
Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

Liberalization includes ________.

  1. abolishing industrial licensing requirement in most of the industries

  2. freedom in deciding the scale of business activities

  3. freedom in fixing prices of goods and services

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
The relaxation of government restrictions in areas of social of economic policy is known as liberalization. It refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprise.Liberalization includes:a) abolishing industrial licensing requirement in most of the industries
b) freedom in deciding the scale of business activities
c) freedom in fixing prices of goods and services
Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

Privatization can also be called _________.

  1. nationalization

  2. denationalization

  3. growth of cottage industry

  4. foreign investment
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Privatization can also be called denationalization.Privatization refers to  the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.

Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

Liberalisation has resulted in ____________ of foreign business organization.

  1. easy exit

  2. easy entry

  3. difficult entry

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Liberalization has resulted in easy entry of foreign business organization. Liberalization refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprise.

Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

The negative effects of globalization on Indian industry are _______.

  1. it increased competition in the Indian market between the foreign and domestic companies

  2. it reduced the amount of profit of the Indian Industry companies.

  3. both a and b

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Globalization is defined as the process of growing interdependence of the economies through increasing volume and variety of cross border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology.The negative effects of globalization on Indian industry are:a) it increased competition in the Indian market between the foreign and domestic companies
b) it reduced the amount of profit of the Indian Industry companies.