Liberalisation, Privatisation And Globalisation : An Appraisal

  • Question 105
    CBSEENEC11008932

    What is stock exchange?

    Solution

    Stock exchange is that market where shares etc. are purchased and sold.

    Question 106
    CBSEENEC11008933

    What are foreign exchange markets?

    Solution

    Foreign exchange markets are those markets where foreign exchange is sold and purchased.

    Question 107
    CBSEENEC11008934

    Why have some profit making public sector undertaking has been given the status of Navratnas?

    Solution

    Some of profit making public sector undertakings have been given the status of ‘Navratans’ in order to improve efficiency, infuse professionalisation and enable them to competed more effectively in the liberalised global environment.

    Question 108
    CBSEENEC11008935

    What special treatment was given to Navratnas?

    Solution

    Navratnas were granted greater managerial and operational autonomy in taking various decisions to run the company efficiently and thus increase their profit.

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