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Liberalisation, Privatisation And Globalisation : An Appraisal

    • Question 101
    CBSEENEC11008928
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    Write down the two components of NEP, 1991.

    Solution

    The two components of NEP 1991 are : (i) macro-economic stabilisation and (ii) structural measures.

    Question 102
    CBSEENEC11008929
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    Name the three multilateral economic institutions.

    Solution

    IMF, 2. World Bank and 3. WTO.

    Question 103
    CBSEENEC11008930
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    How much billion American dollar did India get as loan from World Bank and IMF?

    Solution

    7 billion.

    Question 104
    CBSEENEC11008931
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    What did World Bank and IMF expect from India for availing the loan of 7 billion dollar?

    Solution

    World Bank and IMF expected India to liberalise and open up the economy by removing restrictions on the private sector, reduce the role of government in many areas and remove trade restrictions between India and other countries.

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