Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following are features of " Trade and Investment Policy Reforms " , 1991?

1)Increase international competitiveness of industrial production.

2)Promote the efficiency of MNC's 

3)Adoption of modern technologies

Options:

1, 2, 3 

1 and 3

2 and 3

1 and 2

Correct Answer:

1 and 3

Explanation:

Liberalisation of trade and investment regime was initiated to increase international competitiveness of industrial production and also to bring in foreign investments and technology into the economy. The aim was to promote the efficiency of local industries and adoption of modern technologies to increase the efficiency of the enterprise.