Liberalisation, Privatisation And Globalisation : An Appraisal

  • Question 121
    CBSEENEC11008948

    Out of following policies, which are strategy relating policies and which is result of two policies:

    (i) Liberalisation, (ii) Privatisation and (iii) Globalisation.

    Solution

    Liberalisation and Privatisation are strategy relating policies and Globalisation is the result of two policies i.e. liberalisation and privatisation.

    Question 122
    CBSEENEC11008949

    Name the three multinational financial institutions which have been established to encourage globalisation. Write down the year of their establishment.

    Solution

    Three multinational financial institutions:

    SI. No.

    Name of the Institutions

    Year of operation

    1.

    IMF

    1947

    2.

    World Bank

    1946

    3.

    WTO

    1995

    Question 123
    CBSEENEC11008950

    What are aims of structural reform policies?

    Solution

    Aims of structural reform policies are:

    1. To improve the efficiency of the economy.

    2. To increase the international competitiveness by removing the rigidities in the various segments of an economy.

    Question 124
    CBSEENEC11008951

    What are the aims of stabilisation measures?

    Solution

    The aims of stabilisation measures are:
    (i) To correct some of the weakness that have developed in the balance of payments.

    (ii) To bring inflation under control.

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