Liberalisation, Privatisation And Globalisation : An Appraisal

Which is not the positive impact of LPG policies:

• Consumer's is sovereignty

   

•  A check on fiscal deficit

   

• Urban concentration

   

• Growth process

Which is not the negative impact of LPG policies:

• Neglect of agriculture

   

• Economic colonialism

   

• Drift from monopoly market to competitive market.

   

• Spread of consumerism

Which is the fiscal reform undertaken under new economic policy?

• Abolition of import quotas

   

• Reduction in import duty

   

• Emphasis on simple and moderate tax structure.

   

• Abolition of industrial licensing

The financial sector in India is controlled by

• The Central Government

   

•  State Governments

   

• The Reserve Bank of India

   

• State Bank of India