Indian Economic Development

Liberalisation, Privatisation and Globalisation: An Appraisal

Question:

Why are tariffs imposed?

Answer:

Tariffs are imposed on imports to make them relatively expensive. This will protect domestically produced goods.

previuos
next

Questions and Answers

Liberalisation, Privatisation and Globalisation: An Appraisal

Q 1.

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

Answer

Q 2.

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

Answer

Q 3.

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

Answer

Q 4.

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

Answer

Q 5.

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

Answer

Q 6.

What is the meaning of quantitative restrictions?

Answer

Q 7.

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

Answer

Q 8.

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

Answer

Q 9.

How was RBI controlling the commercial banks?

Answer

Q 10.

What do you understand by devaluation of rupee?

Answer

Q 11.

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

Answer

Q 12.

Why are tariffs imposed?

Answer

Q 13.

What is the most important function of RBI?

Answer

Q 14.

Why were reforms introduced in India?

Answer

Q 15.

How many countries are members of the WTO?

Answer

Q 16.

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

Answer