Practice Trade And Investment Policy Reforms (3.3.5) - LIBERALISATION, PRIVATISATION AND GLOBALISATION AN APPRAISAL

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8 questions

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6 sample questions

Question 1.
What does liberalization mean in the context of trade?
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Think about what it means to make things easier for businesses.
Question 2.
What were quantitative restrictions?
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Remember, it's about quantities!
3Question 3.
What is the primary goal of trade and investment policy reforms?
- To reduce prices
- To increase global competitiveness
- To control inflation
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Focus on what these reforms were trying to achieve on a global scale.
4Question 4.
True or False: Tariff reductions make imported goods cheaper.
- True
- False
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Think about the relationship between tariffs and pricing.
Question 5.
Discuss the potential drawbacks of reducing tariffs on domestic industries.
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Consider both sides when evaluating competitive impacts.
Question 6.
Evaluate how FDI can impact economic growth in India.
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Think about both immediate benefits and long-term impacts.

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