ECONOMICS CH- 3 LIBERLISATION, PRIVATISATION AND GLOBALISATION

ECONOMICS
CH- 3

LIBERLISATION, PRIVATISATION AND GLOBALISATION



Q1) Fiscal policy of the government refers to:
1.Taxation policy 2) Government expenditure policy
3.Both 1 & 2 4)None of the above
Q2) India has been a successful export of ..........in the reform period.
Q3) During the reform period employment generation increased.True/False(Reason)
4) List the services that has been outsourced by companies of developed countries to
India.
5.Fiscal policy reforms in India had a –ve impact on development and welfare
expenditure. Defend or refute.
6. Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers.
7) Why are tariffs imposed?
8) What is the meaning of quantitative restrictions?
9. Those public sector undertakings which are making profits
Should be privatised. Do you agree with this view? Why?
10. Do you think outsourcing is good for India? Why are developed
countries opposing it?
11. India has certain advantages which makes it a favourite outsourcing destination.
Why?

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