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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