Economics MCQ Class 12 Chapter 3 Part B: Check the below NCERT MCQ Questions for Economics MCQ Class 12 Chapter 3 Part B with Answers Pdf free download. Economics MCQ Class 12 Chapter 3 Part B Questions for Economics with Answers were prepared based on the latest exam pattern. We have provided Economics MCQ Class 12 Chapter 3 Part B with Answers to help students understand the concept very well.

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Economics MCQ Class 12 Chapter 3 Part B

1. What is the main feature of New Economic Policy?
(A) Liberalisation
(B) Privatisation
(C) Globalisation
(D) All of the above

2. For how many industries, licensing is still necessary?
(A) 7
(B) 6
(C) 9
(D) 10

3. In which year did India adopt the economic reforms?
(A) 1991
(B) 1993
(C) 1998
(D) 2001

4. How many industries are entirely reserved for the public sector?
(A) 6
(B) 10
(C) 2
(D) 4

5. Why there was a need for economic reforms in India?
(A) Due to fiscal deficit
(B) Due to adverse BOP
(C) Rise in prices
(D) All of the above

6. What is the investment limit in small scale industries?
(A) 50 lakh
(B) 1 crore
(C) 25 lakh
(D) 75 crore

7. When did the Gulf Crisis take place?
(A) 1985
(B) 1990-91
(C) 1995
(D) 1975

8. How many countries are the members of WTO?
(A) 164
(B) 120
(C) 96
(D) 48

9. When was WTO established?
(A) 1996
(B) 1998
(C) 2000
(D) 1995

10. How much loan was provided by World Bank and IMF during the nineties to bail India out of the crisis?
(A) $10 million
(B) $10 billion
(C) $7 billion
(D) $20 billion

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By Team Learning Mantras