Out of following policies, which are strategy relating policies and which is result of two policies:
(i) Liberalisation, (ii) Privatisation and (iii) Globalisation.
Liberalisation and Privatisation are strategy relating policies and Globalisation is the result of two policies i.e. liberalisation and privatisation.
Name the three multinational financial institutions which have been established to encourage globalisation. Write down the year of their establishment.
Three multinational financial institutions:
|
SI. No. |
Name of the Institutions |
Year of operation |
|
1. |
IMF |
1947 |
|
2. |
World Bank |
1946 |
|
3. |
WTO |
1995 |
What are aims of structural reform policies?
Aims of structural reform policies are:
1. To improve the efficiency of the economy.
2. To increase the international competitiveness by removing the rigidities in the various segments of an economy.
What are the aims of stabilisation measures?
The aims of stabilisation measures are:
(i) To correct some of the weakness that have developed in the balance of payments.
(ii) To bring inflation under control.
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