Welcome to the NCERT Solutions for Class 11 Economics - Indian Economic Development - Chapter Liberalisation, Privatisation and Globalisation: An Appraisal. This page offers a step-by-step solution to the specific question from Exercise 1, Question 6:
Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers.
Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers.
(i) Strategic and Minority sale
| S.No. | Strategic Sale | Minority Sale |
|---|---|---|
| a. |
Strategic Sale refers to the sale of 51% or more stake of a PSU to the private sector who bids the highest. |
Minority Sale refers to the sale of less than 49% stake of a PSU to the private sector. |
| b. |
The ownership of PSU is handed over to the private sector. |
The ownership of PSU still remains with the government as it holds 51% of stakes. |
(ii) Bilateral and Multi-lateral trade
| S.No. | Bilateral Trade | Multi-lateral Trade |
|---|---|---|
| a. |
It is a trade agreement between two countries. |
It is a trade agreement among more than two countries. |
| b. |
This is an agreement that provides equal opportunities to both the countries. |
This is an agreement that provides equal opportunities to all the member countries in the international market. |
(iii) Tariff and Non-tariff barriers.
| S.No. | Tariff Barriers | Non-tariff Barriers |
|---|---|---|
| a. |
It refers to the tax imposed on the imports by the country to protect its domestic industries. |
It refers to the restrictions other than taxes, imposed on imports by the country. |
| b. |
It includes custom duties, export-import duties. |
It includes quotes and licenses. |
| c. |
It is imposed on the physical units (like per tonne) or on value of the goods imported. |
It is imposed on the quantity and quality of the goods imported. |
Match the following:
|
1. Prime Minister 3. Quota 4. Land Reforms 5. HYV Seeds 6. Subsidy |
A. Seeds that give large proportion of output C. Chairperson of the planning commission D. The money value of all the final goods and services produced within the economy in one year. E. Improvements in the field of agriculture to increase its productivity F. The monetary assistance given by government for production activities. |
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Welcome to the NCERT Solutions for Class 11 Economics - Indian Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 6: Distinguish between the following (i) Strategic and Minority sale (ii) Bilateral and Multi-later....
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