Liberalisation, Privatisation And Globalisation : An Appraisal

Question 121
CBSEENEC11008948

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

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

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

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.

NCERT Book Store

NCERT Sample Papers

Entrance Exams Preparation