Liberalisation, Privatisation And Globalisation : An Appraisal

Question 9
CBSEENEC11008836

What was the main objective of delicensing?

Solution

Abolition of system of industrial licensing and controls.

Question 10
CBSEENEC11008837

Before 1991, MRTP Act inhibited the growth of industries. How?

Solution

Under the MRTP Act, no company was allowed to increase its investment beyond 100 crores or set up a new unit.

Question 11
CBSEENEC11008838

State the steps taken by the government towards liberalisation under the New Economic Policy.

Solution

Delicensing of industries and amendment in MRTP Act.

Question 12
CBSEENEC11008839

What is the meaning of disinvestment of Public Sector Units?

Solution

Sale of part of government shareholding in public sector undertakings to financial institutions, mutual funds and general public.

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