Liberalisation, Privatisation and Globalisation Policies
Economics ⇒ Government and the Economy
Liberalisation, Privatisation and Globalisation Policies starts at 11 and continues till grade 12.
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Describe the impact of privatisation on employment in India.
Describe the term 'disinvestment' as used in the context of privatisation.
Explain how liberalisation has contributed to the growth of the Indian IT sector.
Explain the concept of 'foreign direct investment' (FDI) and its importance in the context of globalisation.
Explain the impact of liberalisation on the Indian banking sector.
Explain the main objectives of the New Economic Policy of 1991 in India.
Explain the role of the International Monetary Fund (IMF) in India's economic reforms of 1991.
Explain the term 'structural adjustment programme' in the context of India's economic reforms.
In which year did India introduce the New Economic Policy that included liberalisation, privatisation, and globalisation? (1) 1985 (2) 1991 (3) 2000 (4) 1975
Which of the following is a benefit of liberalisation? (1) Reduced competition (2) Increased government control (3) Greater efficiency in production (4) Restriction on foreign investment
Which of the following is a challenge faced by India due to globalisation? (1) Increase in employment (2) Protection of small industries (3) Decrease in imports (4) Monopoly of public sector
Which of the following is a criticism of privatisation? (1) Increased government revenue (2) Loss of public welfare objectives (3) Improved efficiency (4) Enhanced competition
Fill in the blank: The economic reforms of 1991 in India are also known as the policy of ______, ______, and ______.
Fill in the blank: The policy of _______ aims to reduce the role of the public sector and increase the role of the private sector in the economy.
Fill in the blank: The process of integrating the domestic economy with the world economy is known as _______.
Fill in the blank: The process of selling a part of the equity of public sector undertakings to private investors is called _______.
True or False: Disinvestment is a process of increasing government ownership in public sector enterprises.
True or False: Globalisation has led to the spread of multinational corporations in India.
True or False: Globalisation only refers to the movement of goods and services across countries.
True or False: Liberalisation led to the abolition of industrial licensing in most sectors in India.
