Liberalisation, Privatisation And Globalisation : An Appraisal

  • Question 5
    CBSEENEC11008832

    Why did the New Economic Policy emphasize a shift towards private sector?

    Solution

    It emphasized a shift towards private sector because public sector undertaking were not forming well and a number of them were running into losses.

    Question 6
    CBSEENEC11008833

    Why was the rate of growth of private sector industries slow before 1991?

    Solution

    The rate of growth of private sector industries was slow before 1991 because restrictions and strict regulations were hindering the growth of private sector industries.

    Question 7
    CBSEENEC11008834

    What were the reasons behind incompetence of many Indian products and industries before 1991?

    Solution

    The reason was the protection of domestic industries from foreign competition.

    Question 8
    CBSEENEC11008835

    Before 1991 why did India face a serious balance of payment problem?

    Solution

    India had to face the serious balance of payment position because imports were more than exports.

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