Question : To mitigate the negative effects of globalisation, countries can focus on:  

Option 1: Reducing international cooperation

Option 2: Promoting equitable growth 

Option 3: Increasing trade barriers

Option 4: Encouraging monopolies

Question : The 1991 economic policy in India aimed to address:

Option 1: Increasing government control in the economy

Option 2: High inflation and fiscal deficit

Option 3: Excessive privatization of public enterprises

Option 4: Declining foreign direct investment (FDI)

Question : The economic liberalization reforms of 1991 in India aimed to:  
 

Option 1: Increase state control over the economy  
 

Option 2: Promote self-sufficiency in food production  
 

Option 3: Open the economy to foreign investment and trade  

Option 4: Strengthen public sector enterprises  

Question : Privatization refers to the transfer of ownership and control of: 

Option 1: Government-owned enterprises to the private sector

Option 2: Private enterprises to the government

Option 3: Small-scale enterprises to large-scale enterprises

Option 4: International enterprises to domestic enterprises

Question : How does the World Trade Organization (WTO) promote trade liberalization?

Option 1: By imposing trade sanctions

Option 2: By reducing trade barriers

Option 3: By offering financial incentives

Option 4: By increasing import quotas