Liberalisation, Privatisation And Globalisation : An Appraisal

  • Question 9
    CBSEENEC11008836

    What was the main objective of delicensing?

    Solution

    Abolition of system of industrial licensing and controls.

    Question 10
    CBSEENEC11008837

    Before 1991, MRTP Act inhibited the growth of industries. How?

    Solution

    Under the MRTP Act, no company was allowed to increase its investment beyond 100 crores or set up a new unit.

    Question 11
    CBSEENEC11008838

    State the steps taken by the government towards liberalisation under the New Economic Policy.

    Solution

    Delicensing of industries and amendment in MRTP Act.

    Question 12
    CBSEENEC11008839

    What is the meaning of disinvestment of Public Sector Units?

    Solution

    Sale of part of government shareholding in public sector undertakings to financial institutions, mutual funds and general public.

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