Where is the head quarter of World Trade Organization? [2]In which year were the economic reforms implemented for strengthening economic development? [3] Which sector was allowed in various industries after imposing economic liberalization? [A] Government sector [B] Public sector [C] Private sector [D] Industrial sector [4] As a part of liberalization India’s foreign debt increased due to _____. [A] Lesser development of cottage industries [B] Imports out beating exports [C] Exports of agricultural products [D] Deficiencies in liberalization policy [5] In which year was WTO established? [6] France is a developed country. [True or False] [7] _____ is derived from dividing national income by total population. [a] average income [b] per capita income [c] economic growth rate [d] absolute income [8] What do you mean by Economic liberalization? [9] What do you mean by Sustainable development? [10] In which year government passed Air pollution Control Act? [Q.2] Answer the following question: [10 marks] [1] Difference between economic and non economic activities. [2 points] [2] Wants are unlimited. Explain. [3] Discuss any four features of the developing economy [4] Write the features of the Capitalist Economy. [5] State any two disadvantages of liberalization. [Q.3] Answer the following question: [15 marks] [1] What do you mean by globalization? State advantages of globalization [2 points] [2] Explain different factors of production. [3] Short note on structure on Indian economy. [4] Which steps have been taken to conserve environment? [5] Explain the allocation of resources.​