Monday 28 April 2014

Module-3 Past Paper Questions and Answers (2 marks)

1. What is disinvestment?

A reduction in capital investment or Withdrawal of capital investment from a country


2. Give the meaning of Information Technology

Set of tools, processes, and methodologies (such as coding/programming, data communications, data conversion, storage and retrieval, systems analysis and design, systems control) and associated equipment employed to collect, process, and present information


3. What is liberalization?

It means government remove all kind of restriction like licensing, quota sytem to start a business so that can start easily.

Or The act of making less strict is known as liberalization


4. Name any Two IT industries in India

Infosys, Wipro, HCL, Mahindra Satyam.


5. Mention any four problems of Indian small scale industries

Problem of skilled men power, Inadequate credit assistance, Irregular supply of raw materials, Lack of machine and equipment


6. What is Privatization?

It is a process of transferring an enterprising or industry from public sector to private sector


7. What is under employment?

The employment of workers with high skilled level in low wage jobs


8. State the meaning of disguised unemployment

When more people are engaged in some activity than the number of person required for that.

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