Privatisation and Its Benefits

Q.

What Is the Aim of Liberalisation?

Q. Why does the government transfer the ownership and management of government-run companies to private individuals?

1. The private sector can take over the company's management to reduce the burden of the government.
2. The private sector invests in the modernisation of the companies.
3. The private sector can take up the task of social welfare on behalf of the government.
4. Lesser government involvement can reduce corruption and red tapism.

Q. Which of the following departments was responsible for administering the process of privatisation in India?

1. Department of Financial Services
2. Department of Disinvestments
3. Department of Revenue
4. Department of Commerce and Industries

Q. Which of the following terms are related to privatisation?

1. Sells ownership
2. Reserved sectors
3. Social welfare
4. BOT
5. Relaxation
6. Ownership transfer
7. Interconnection
8. PPP

Q. Which of the following departments was responsible for administering the process of privatisation in India?

1. Department of Financial Services
2. Department of Revenue
3. Department of Commerce and Industries
4. Department of Disinvestments