Arguments Against New Economic Policies

Q.

What are the bad effects of privatization?

Q.

What Are the Impacts of Liberalisation?

Q. On which of the following grounds were the New Economic Policies criticised?

1. Fall in price of goods due to increased competition
2. Excess exploitation of natural resources
3. Availability of a wider variety of products
4. Less revenue from public sector firms

Q. Which of the following is an argument put forward against the new economic policies introduced in 1991?

1. Increase in production
2. Increase in exports
3. Increase in competition among producers
4. Increase in income disparity

Q. 'The New Economic Policies did not have a positive impact on the small and cottage industries. They remained underdeveloped.'
Which of the following could be the reason(s)?

1. These industries were not financially strong.
2. Foreign investors ignored the small and cottage industries.
3. The market was dominated by big players.
4. The government provided several grants to these industries.