Liberalisation, Privatisation And Globalisation : An Appraisal

  • Question 13
    CBSEENEC11008840

    What does foreign direct investinent mean?

    Solution

    It refers to investment directly undertaken by the foreign companies and nationals in various sectors of the economy.

    Question 14
    CBSEENEC11008841

    What does fiscal deficit indicate?

    Solution

    It indicates the borrowing requirements of the government.

    Question 15
    CBSEENEC11008842

    How did the government promote exports before 1991?

    Solution

    Tax concessions and subsidies to exporters.

    Question 16
    CBSEENEC11008843

    When was new economic policy adopted?

    Solution

    The new economic policy was adopted in 1991.

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