Liberalisation, Privatisation And Globalisation : An Appraisal

Question 105
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What is stock exchange?

Solution

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

Question 106
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What are foreign exchange markets?

Solution

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

Question 107
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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
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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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