Liberalisation, Privatisation And Globalisation : An Appraisal

  • Question 25
    CBSEENEC11008852

    Why are tariffs imposed?

    Solution

    To keep a check on the growth of imports, tariffs are imposed.

    Question 26
    CBSEENEC11008853

    What do you understand by free flow of capital?

    Solution

    A more liberal and productive foreign investment policy has been initiated to attract more foreign direct investment. That is why there is no restriction on flow of capital from one country to another.

    Question 27
    CBSEENEC11008854

    What is strategic sale?

    Solution

    The sale of goods related to war material is called strategic sale. Such type of commodities are under the government control in India.

    Question 28
    CBSEENEC11008855

    What is the meaning quantitative restrictions?

    Solution

    The restrictions related to the quantity of goods purchased from other countries as in the case of readymade garments where USA is using these restrictions while purchasing from India and China.

    NCERT Book Store

    NCERT Sample Papers

    Entrance Exams Preparation