Question

What is liberalisation?

Solution

An economic policy which gives relaxations to enable entrepreneurs to make their decisions themselves and open freedom to economic activities at all levels is termed as policy of economic liberalisation.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

Before 1991, MRTP Act inhibited the growth of industries. How?

State the steps taken by the government towards liberalisation under the New Economic Policy.

What is the meaning of disinvestment of Public Sector Units?

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Liberalisation, Privatisation And Globalisation : An Appraisal

What is liberalisation?

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

Before 1991, MRTP Act inhibited the growth of industries. How?

State the steps taken by the government towards liberalisation under the New Economic Policy.

What is the meaning of disinvestment of Public Sector Units?

What does foreign direct investinent mean?

What does fiscal deficit indicate?

How did the government promote exports before 1991?

When was new economic policy adopted?

What was the level of foreign exchange reserves in 1991?

State the reasons for slow growth of private sector before 1991.

Discuss the industrial policy of 1991. How is it different from earlier policies?

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