Globalization's Impact on Indian Society Quiz

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Questions and Answers

What were the buzzwords in the current economic scenario?

  • Export earnings, national income, and industrial output
  • IMF, aid, and debt problem
  • Growth of Information Technology and Communication
  • Liberalization, globalization, and privatization (correct)

When was the LPG phenomenon first initiated in the Indian Economy?

  • 1990 (correct)
  • 2000
  • 1985
  • 1995

What was the reason for the government seeking aid from IMF?

  • To promote privatization
  • To boost the agrarian sector
  • To resolve its debt problem (correct)
  • To encourage globalization

What were the closely related concepts in the current economic scenario?

<p>Liberalization, globalization, and privatization (D)</p> Signup and view all the answers

What was the impact of globalization on the agrarian sector?

<p>Rise in corporate farming and increase in farmer’s suicides (D)</p> Signup and view all the answers

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