Liberalisation, Privatisation And Globalisation : An Appraisal

  • Question 41
    CBSEENEC11008868

    During which peroid, public sector was assigned the leading role in the process of growth and development?

    Solution

    During the period between 1st and 6th five year plans, public sector was assigned the leading role in the process of growth and development.

    Question 42
    CBSEENEC11008869

    What do you mean by fiscal deficit?

    Solution

    Fiscal deficit means difference between the total expenditure and total receipts minus loans.

    Question 43
    CBSEENEC11008870

    Why had the fiscal deficit of the Government of India mounting year after year prior to 1991?

    Solution

    On account of continuous increase in its non-development expenditure.

    Question 44
    CBSEENEC11008871

    What is balance of payments?

    Solution

    Balance of payments is the difference between total receipts and total payments of a country on account of its economic transactions with the rest of world.

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