Q.16:- Discuss economic reforms in India in the light of social justice and welfare.   Answer:- Economic reforms have been criticised on the following grounds: (a) Privatisation encourages growth-ofunonopoly power in…

Q.15:- Why has the industrial sector performed poorly in the reform period?   Answer:- The post-reform period shows that industrial growth has slowed down. This was due to: (a) Globalisation created…

Q.14:- Agriculture sector appears to be adversely affected by the reform process. Why?   Answer:- There has been deceleration in agricultural growth. This deceleration is the root cause of the…

Q.13:- What are the major factors responsible for the high growth of the service sector?   Answer:- There has been high growth of the service sector in India. There is…

Q.12:- Do you think the navaratna policy of the government helps in improving the performance of public sector undertakings in India? How?   Answer:- The government has decided to give special treatment…

Q.11:- India has certain advantages which make it a favourite outsourcing destination. What are these advantages?   Answer:- The advantages which make it a favourite outsourcing destination are: 1. Easy Availability of…

Q.10:- Do you think outsourcing is good for India? Why are developed countries opposing it?   Answer:- Outsourcing is good for India because it provides employment to large number of unemployed…

Q.9:- Those public sector undertakings which are making profits should be privatized. Do you agree with this view? Why?   Answer:- The PSUs which are making profits should not be privatized…

Q.8:- What is the meaning of quantitative restrictions?   Answer Quantitative restrictions are specific limits imposed by countries on the quantity or value of goods that can be imported or exported….

Q.7:- Why are tariffs imposed?   Answer Tariffs are imposed to make imports from foreign countries relatively expensive than domestic goods. This discourage imports and protect domestically produced goods.