Liberalisation and Its Benefits
Trending Questions
Q.
What are the advantages and disadvantages of MNCs?
Q.
What Are the Advantages of Liberalisation?
Q.
What Is Meant by a Trade Barrier?
Q. When the government reduces restrictions and loosens control on the private sector, it is called
- globalisation
- marketisation
- liberalisation
- privatisation
Q. Trade barriers are government schemes that regulate domestic trade.
- True
- False
Q. How can a country protect its domestic producers from international competition?
- By introducing heavy taxes on foreign goods
- By restricting the quantity of goods imported
- By abolishing trade barriers
- By restricting the entry of MNCs
Q. Which of the following industries require the government's approval even after liberalisation?
- Defence
- Banking
- Atomic energy
- Textile industry
Q. State the changes that were brought as a result of liberalisation.
- Relaxation of control in setting up industries
- Reduction of import tariff and tax
- Permission on foreign investments in different sectors
- Increased role of government in basic infrastructure development
