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.

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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.

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

Q 8.

What is the meaning of quantitative restrictions?

Q 9.

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

Q 10.

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

Q 11.

What is the most important function of RBI?

Q 12.

Why are tariffs imposed?

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?