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Liberalisation, Privatisation And Globalisation : An Appraisal

    • Question 121
    CBSEENEC11008948
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    Out of following policies, which are strategy relating policies and which is result of two policies:

    (i) Liberalisation, (ii) Privatisation and (iii) Globalisation.

    Solution

    Liberalisation and Privatisation are strategy relating policies and Globalisation is the result of two policies i.e. liberalisation and privatisation.

    Question 122
    CBSEENEC11008949
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    Name the three multinational financial institutions which have been established to encourage globalisation. Write down the year of their establishment.

    Solution

    Three multinational financial institutions:

    SI. No.

    Name of the Institutions

    Year of operation

    1.

    IMF

    1947

    2.

    World Bank

    1946

    3.

    WTO

    1995
    Question 123
    CBSEENEC11008950
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    What are aims of structural reform policies?

    Solution

    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.

    Question 124
    CBSEENEC11008951
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    What are the aims of stabilisation measures?

    Solution

    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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