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Questions
What is meant by ‘liberalisation’?
Define liberalisation.
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Solution 1
Liberalisation refers to reduced government controls and restrictions, such as licences and quotas.
Solution 2
Liberalisation means removing unwanted government controls and restrictions on trade and industry, allowing the private sector to enter sectors formerly reserved for the public sector and relaxing rules (tax, labour, foreign‑exchange, tariffs, and capital controls).
Notes
Students should refer to the answer according to their question and preferred marks.
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1) In the above paragraph, two major concepts related to government policy have been discussed. Identify and explain these concepts.
2) Also, explain briefly any three impacts of these concepts on Indian business and industry.
What is meant by 'Globalisation'?
Giving any four points, explain the impact of government policy changes on Business and Industry.
Explain the following terms:
a. Liberalisation
b. Privatization
c. Globalisation
What economic changes were initiated by the Government under the Industrial Policy, 1991? What impact have these changes made on business and industry?
What are the essential features of:
a. Liberalisation,
b. Privatization and
c. Globalisation?
Export promotion is concerned with _______.
Reducing the role of Public Sector and increasing the role of Private Sector fall under ______.
Globalization aims at ______.
A possible obstacle to growth of privatisation is ______.
Privatization of ownership through sale of equity share is called ______.
Liberalisation means :-
What is the impact of government policy changes on the business and industry
What are the essential features of Liberalisation?
What are the essential features of Privatisation?
