Distinguish between the following
(i) | Class 11 Economics - Indian Economic Development Chapter Liberalisation, Privatisation and Globalisation: An Appraisal, Liberalisation, Privatisation and Globalisation: An Appraisal NCERT Solutions
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.
.
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Question 6: Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers.
Answer:
(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.
|
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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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