Indian Economic Development

Liberalisation, Privatisation and Globalisation: An Appraisal

Question:

Distinguish between the following:
(i) Strategic and Minority sale

Answer:

Government has been disinvesting by many methods. Two main methods are:
(a) Minority sale. In this method, equity is offered to investors through domestic public issue.
(b) Strategic sale. In this method, government offloads above 51 per cent in strategic sale.
(ii) Bilateral and Multi-lateral trade
Answer. Trade agreements involving more than two countries are referred to as multilateral trade agreements.
Trade agreements involving two countries are referred to as bilateral trade agreements.
(iii) Tariff and Non-tariff barriers
Answer. Tariff Barriers. Tariff barriers are imposed on imports to make them relatively costly as a measure to protect domestic production.
Non-Tariff Barriers. They are imposed on the amount of imports and exports.

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Liberalisation, Privatisation and Globalisation: An Appraisal

Q 1.

Why has the industrial sector performed poorly in the reform period?

Q 2.

What are the major factors responsible for the high growth of the service sector?

Q 3.

Discuss economic reforms in India in the light of social justice and welfare.

Q 4.

Distinguish between the following:
(i) Strategic and Minority sale

Q 5.

Why were reforms introduced in India?

Q 6.

India has certain advantages which makes it a favourite outsourcing destination. What are these advantages?

Q 7.

What is the meaning of quantitative restrictions?

Q 8.

Agriculture sector appears to be adversely affected by the reform process. Why?

Q 9.

Those public sector undertakings which are making profits should be privatised. Do you agree with this view? Why?

Q 10.

Do you think outsourcing is good for India? Why are developed countries opposing it?

Q 11.

Why are tariffs imposed?

Q 12.

What is the most important function of RBI?

Q 13.

How was RBI controlling the commercial banks?

Q 14.

What do you understand by devaluation of rupee?

Q 15.

How many countries are members of the WTO?

Q 16.

Do you think the navratna pdlicy of the government helps in improving the performance of public sector undertakings in India? How?