Liberalisation, Privatisation And Globalisation : An Appraisal

  • Question 33
    CBSEENEC11008860

    Name the industries which are now reserved for the Public Sector?

    Solution

    1. Defence equipment, 2. Atomic energy generation and 3. Railway transport.

    Question 34
    CBSEENEC11008861

    Why has industrial sector growth slowed down during post economic reforms?

    Solution

    Industrial sector growth has slowed down due to availability of cheaper imports and lower investment.

    Question 35
    CBSEENEC11008862

    What is the objective of the WTO?

    Solution

    The objective of the WTO is to establish a rule based trade regime to ensure optimum, utilisation of world resources.

    Question 36
    CBSEENEC11008863

    Write down the main problems faced by the Indian Economy during the pre-economic reforms?

    Solution

    The Indian economy was facing the problems of decling foreign exchange, growing imports without matching rise in exports and high inflation.

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