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. |
More Questions From Class 11 Economics - Indian Economic Development - Chapter Liberalisation, Privatisation and Globalisation: An Appraisal
- Q:-
How is RBI controlling the commercial banks?
- Q:-
Agriculture sector appears to be adversely affected by the reform process. Why?
- Q:-
Why were reforms introduced in India?
- Q:-
Those public sector undertakings which are making profits should be privatised. Do you agree with this view? Why?
- Q:-
Why did RBI have to change its role from controller to facilitator of financial sector in India?
- Q:-
Do you think outsourcing is good for India? Why are developed countries opposing it?
- Q:-
Do you think the navaratna policy of the government helps in improving the performance of public sector undertakings in India? How?
- Q:-
What do you understand by devaluation of rupee?
- Q:-
Why has the industrial sector performed poorly in the reform period?
- Q:-
Why are tariffs imposed?
Popular Questions of Class 11 Economics - Indian Economic Development
- Q:-
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
- Q:-
What are the two major sources of human capital in a country?
- Q:-
What do you mean by rural development? Bring out the key issues in rural development.
- Q:-
Define a plan?
- Q:-
Who is a worker?
- Q:-
Explain the term ‘infrastructure’.
- Q:-
What is meant by environment?
- Q:-
Why are regional and economic groupings formed?
- Q:-
Why calorie-based norm is not adequate to identify the poor?
- Q:-
Name some notable economists who estimated India’s per capita income during the colonial period?
Recently Viewed Questions of Class 11 Economics - Indian Economic Development
- Q:-
Explain the need and type of land reforms implemented in the agriculture sector.
- Q:-
Find the odd man out (i) owner of a saloon (ii) a cobbler (iii) a cashier in Mother Dairy (iv) a tuition master (v) transport operator (vi) construction worker.
- Q:-
Explain the two categories into which infrastructure is divided. How are both interdependent?
- Q:-
Comment on the growth rate trends witnessed in China and India in the last two decades.
- Q:-
Is environmental crisis a recent phenomenon? If so, why?
- Q:-
How has women’s health become a matter of great concern?
- Q:-
Match the following:
1. Prime Minister
2. Gross Domestic Product3. Quota
4. Land Reforms
5. HYV Seeds
6. Subsidy
A. Seeds that give large proportion of output
B. Quantity of goods that can be importedC. 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.
- Q:-
What is the significance of ‘energy’? Differentiate between commercial and non-commercial sources of energy.
- Q:-
Why are employment generation programmes important in poverty alleviation in India?
- Q:-
Compare and contrast India and China’s sectoral contribution towards GDP in 2003. What does it indicate?
- All Chapters Of Class 11 Economics - Indian Economic Development
- All Subjects Of Class 11