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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