Class 11 Economics - Indian Economic Development - Chapter Liberalisation, Privatisation and Globalisation: An Appraisal NCERT Solutions | Distinguish between the following (i)
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. |
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