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Liberalisation, Privatisation And Globalisation : An Appraisal

Question 121
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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
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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
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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
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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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