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BST CH 3 My Notes

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22 views1 page

BST CH 3 My Notes

Uploaded by

rihanais12345
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© © All Rights Reserved
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12.

Give one measure taken by Indian Government to introduce


liberalization.
Ans: Under liberalisation, the requirement of licensing was abolished except
for five industries:
liquor,
cigarette,
defense equipment,
industrial explosives, and
dangerous chemicals.

10. Name the economic reforms introduced to free Indian business from
unnecessary controls and restrictions.
Ans: Liberalization under the new economic policy of 1991 was introduced to
free Indian business from unnecessary controls and restrictions.

8. Which policy of the Indian Government has moved India towards


globalization?
Ans: The Industrial Policy of 1991.

What is meant by opportunities?


Ans Opportunity refers to the positive exterior trends that have the potential to
add value to an enterprise.

Not that imp but still : 2. Which of the sectors was given importance after
independence?
Ans: After independence, the private sector was given more importance than the
public sector. The role of the public sector slowly declined after independence
and the private sector was given a leading role.
Did till q 15

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