SELF PRACTICE QUESTIONS

Explain the adverse impacts of economic reforms on social justice and welfare in India.

Mention three reasons for the public sector undertakings being sold off to the private sector after 1991.

'Amazon.com, a vast internet-based enterprise has been outsourcing to various customer support companies in India to accommodate more local and international buyers and sellers.' In light of the above statement, how has the process of globalization impacted the Indian economy?

Economic policy of 1991 stressed on removing unnecessary restrictions and creating a more competitive environment to increase the interaction with the world economy. Which values in your opinion have been realized as per new economic policy?

Why India is a preferred destination for outsourcing?

What is meant by liberalisation? Mention any three steps taken by India in this direction?

Define privatization. Mention the ways by which a government company is converted into a private company.

Various fiscal reforms were initiated in the new economic policy of 1991. One fiscal measure taken was to reduce taxes. How in your views is it justifiable?

Explain briefly the reforms in the financial sector and reforms in the foreign trade sector under liberalisation policy.

Name any two services outsourced from India.