Question

What is balance of payments?

Solution

Balance of payments is the difference between total receipts and total payments of a country on account of its economic transactions with the rest of world.

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

What is liberalisation?

What is privatisation?

What is the meaning of globalisation?

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Liberalisation, Privatisation And Globalisation : An Appraisal

What is balance of payments?

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

What is liberalisation?

What is privatisation?

What is the meaning of globalisation?

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

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

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

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

What was the main objective of delicensing?

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

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

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