Liberalisation, Privatisation And Globalisation : An Appraisal

Question 29
CBSEENEC11008856

What do you mean by economic reforms?

Solution

By economic reforms we mean a change in the set of policies from one period to another.

Question 30
CBSEENEC11008857

When was economic reform programme introduced in the Indian economy?

Solution

The economic reforms programme was introduced in the Indian Economy in 1991.

Question 31
CBSEENEC11008858

Write down the components of New Economic Policy?

Solution

The components of new economic policy are (i) Liberalisation, (ii) Privatisation and (iii) Globalisation.

Question 32
CBSEENEC11008859

What is the main aim of the New Economic Policy?

Solution

The main aim of new economic policy is to make our production units more efficient and highly productive.

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