Argumentss Against New Economic Policies

Q. Which of the following is an argument against the new economic policies?

1. Increase in production
2. Increase in exports
3. Increase in national income
4. Increase in income disparity

Q. Which of the following sectors of India was benefited the least from the globalisation policy of 1991?

1. Manufacturing sector
2. Service sector
3. Agriculture sector
4. Technology sector

Q.

What can be done to close the gap between urban and rural areas?

Q. Which of the following statement highlights a negative impact of the New Economic Policy on the domestic producers in India?

1. Domestic producers had to take licences for their businesses.
2. Domestic producers had to share government benefits with foreign producers.
3. Domestic producers did not have modern technologies to produce better quality products.
4. Cheaper imports decreased the demand for domestic goods, pushing the domestic producers out of business.

Q. Many economists believe that the new economic policies did more harm than good to India.

Which of the following justify the above statement?

1. Due to fierce competition between foreign players and domestic producers, consumers got a variety of products but at higher prices.
2. Use of more capital-intensive technologies increased unemployment in the country.
3. The production of goods increased, but there was no significant growth in the agricultural sector.
4. The benefit received by the domestic players were limited as the investment was restricted to a few big players.

Q. Which of the following can be identified as a criticism of the new economic policies introduced in 1991?

1. The fall in prices of goods was due to increased competition.
2. The use of modern technology in manufacturing increased the cost of production.
3. Employment opportunities were not sufficient, which led to an increase in unemployment.
4. There was a shortage of goods as producers exported to earn foreign currencies.

Q. On which of the following does the New Economic Policy have negative impacts?

1. Social welfare
2. Small producers
3. Exports
4. Agriculture
5. Job security
6. National income
7. Environment
8. Unskilled labour
9. Production