Indian Economic Development

Liberalisation, Privatisation and Globalisation: An Appraisal

Question:

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

Answer:

No, if profit making PSUs are privatised then there will be only loss making PSUs left. Government
needs the profit of the profit.making PSUs to modernise them, to make them, more competitive and more efficient.

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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