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Liberalisation, Privatisation And Globalisation : An Appraisal

Question

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Distinguish between the following:

(ii) Bilateral and Multi-lateral Trade

Solution

The trade between two countries is called bilateral trade and between more than two countries. It is called multi-lateral trade.

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

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.

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?

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