Question : Fill in the blanks- Under new economic policy, disinvestment is a part of ____. Freedom in fixing price of goods and services is a part of _____.
Option 1: Liberalisation, privatization
Option 2: Privatization, liberalisation
Option 3: Liberalisation, globalization
Option 4: Globalization, privatization
Correct Answer: Privatization, liberalisation
Solution : Under new economic policy, disinvestment is a part of privatization. Freedom in fixing price of goods and services is a part of liberalisation. Privatization involves shifting of ownership from government sector to private sector with as liberalisation involves removal in the unnecessary controls in the business by the government. Hence Option B is correct.
Question : Fill in the blanks- Under new economic policy, free flow of information and technology free flow of capital flow across nations is a part of ____.
Question : Fill in the blanks- Under new economic policy, removal of restrictions on the expansion of business activities and reduction in the tax rate is a part of _____________________.
Question : Fill in the blanks- Directly producing goods and services is a part of ________.
Question : The New Economic Policy of 1991 focused on liberalization, privatization, and:
Question : _________ aims to increase the process of goods and services through the use of new technology. It requires change in social outlook.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile