Chapter 3: Liberalisation, Privatisation and Globalisation

Important Questions

1. What were the causes of Economic crisis?

2. Highlight the points needed for economic reforms in the country?

3. Describe emergence of new economic policy (NEP)?

4. Define the term Liberalisation with its objectives?

5. What economic reforms were made under liberalisation?

Sample Questions

1. Define privatisation and Globalisation briefly?

2. What do you mean by outsourcing?

3. Write a short note on WTO?

4. Write the main highlights of economic growth during reforms?

5. Briefly explain the failures of economic reforms?