Practice Major Economic Reforms In India (6.2) - Major Reforms and Emerging Trends in the Indian Economy

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9 questions

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3 cards from this section. Quick, good the night before a test.
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6 questions · about 4 min · pass mark 70%. Hints available.
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3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
Define Liberalisation.
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What happens when the government relaxes its rules on industries?
Question 2.
What is Privatisation?
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Think about who controls businesses after privatisation.
3Question 3.
What does Liberalisation primarily aim to achieve?
- Increase government control
- Reduce government control
- Limit foreign investment
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Think about how government involvement changes under Liberalisation.
4Question 4.
Privatisation leads to improved performance of enterprises. True or False?
- True
- False
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Consider what happens to efficiency when a business moves to private hands.
Question 5.
Critique the effectiveness of the Liberalisation reforms in terms of consumer benefits and market competition.
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Consider both sides—how much choice do consumers have?
Question 6.
Evaluate the potential drawbacks of Globalisation for domestic companies in India.
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Think about local vs. global competition.

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