Question : What was a major challenge faced by public sector enterprises during the initial Five-year Plans?

Option 1: Lack of skilled labor

Option 2: Inefficient management

Option 3: Competition from foreign companies

Option 4: Insufficient government funding

Question : What is a key aspect of the India-China relationship in the context of global trade?

Option 1: Joint military ventures

Option 2: Shared cultural programs

Option 3: Competition for natural resources

Option 4: Cooperation in space exploration

Question : A consequence of economic liberalization in India was:  
 

Option 1: Strengthening of labor unions  
 

Option 2: Increased competition in domestic markets  
 

Option 3: Expansion of the public sector  

Option 4: Decrease in foreign direct investment  

Question : What impact has liberalization had on industrial location?

Option 1: Decreased competition among industries

Option 2: Restricted foreign investment

Option 3: Increased centralization of industries

Option 4: Greater flexibility in choosing locations

Question : Which of the following about the impact of economic reforms of the businesses is incorrect?
 

Option 1: Increased competition in the market gives the customer wider choice.
 

Option 2: The business environment was quite stable and business plans and policies were continued for the long period of time.
 

Option 3: Increase competition made it compulsory for Indian firm to develop new ways to survive in the market.
 

Option 4: All of the above are correct.