Liberalisation, Globalisation and Privatisation was a part of the new economic reforms that were introduced by the Indian Government in 1991. These reforms were mainly aimed at opening up the economy and bringing economic reforms to the country. It helped to remove some of the restrictions that had become a hindrance to the economic development of the country. It also helped the private sector
expand in the country and contribute to economic growth. We have collated a list of multiple-choice questions on Liberalisation, Globalisation and Privatisation to help students get a firm grip on the important concepts related to this topic. Answer: d
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Answer: d
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Answer: c Also See:
Which statements accurately describes the General Agreement on Tariffs and Trade GATT?Which statements accurately describes the General Agreement on Tariffs and Trade (GATT)? It raised U.S. tariffs on thousands of imported goods by more than 60 percent. Why did the Smoot-Hawley Act play a role in sending the world's economies into the Great Depression?
Which statement about the General agreement on tariffs and Trades GATT is false?Which of the following statements about he General Agreement on Tariffs and Trade (GATT) is FALSE? False: according to the GATT, a trade concession to one country did not become a concession to all countries.
What is the General Agreement on Tariffs and Trade GATT role quizlet?The purpose of the General Agreement on Tariffs and Trade (GATT) was to lower trade barriers such as high tariffs on imported goods and restrictions on the number and types of imported products that inhibited the free flow of goods across borders.
What is the main function and purpose of GATT?The GATT was established in 1948 to regulate world trade. It was created to boost economic recovery after the Second World War by reducing or eliminating trade tariffs, quotas and subsidies.
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