Chapter-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
1. Why were reforms introduced in India?
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2. Why is it necessary to became a member of WTO?
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3. Why did RBI have to change its role from controller to facilitator of
financial sector in India?
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4. How is RBI controlling the commercial banks?
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5. What do you understand by devaluation of rupee?
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6. Distinguish between the following
(i) Strategic and Minority sale
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(ii) Bilateral and Multi-lateral trade
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(iii) Tariff and Non-tariff barriers.
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7. Why are tariffs imposed?
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8. What is the meaning of quantitative restrictions?
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9. Those public sector undertakings which are making profits
should be privatised. Do you agree with this view? Why?
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10. Do you think outsourcing is good for India? Why are developed
countries opposing it?
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11. India has certain advantages which makes it a favourite outsourcing
destination. What are these advantages?
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12. Do you think the navaratna policy of the government helps in
improving the performance of public sector undertakings in India?
How?
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13. What are the major factors responsible for the high growth of the
service sector?
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14. Agriculture sector appears to be adversely affected by the reform
process. Why?
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15. Why has the industrial sector performed poorly in the reform
period?
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16. Discuss economic reforms in India in the light of social justice
and welfare.
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DABP007143
