Liberalisation, Globalisation and Privatisation MCQs. Class 12 economics Liberalisation, Globalisation and Privatisation MCQs with Answers and bullet points help you comprehend the concepts provided in Class 12 economics chapter-wise MCQs. We will help you in gaining complete knowledge of the concepts. MCQ Questions for Class 12 Economics with Answers. This MCQ solution helps you gain an extra understanding of various aspects of Liberalisation, Globalisation, and Privatisation provided in the topic of the Class 12 economics textbook. Resource material that top teachers and students recommend. We advise you to take advantage of this class 12 economics MCQ with answers.
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Important Multiple Choice Questions (MCQs) of Liberalisation, Globalisation and Privatisation
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Best 7 bullet points related to Liberalisation, Globalisation, and Privatisation for Class 12 Economics:
- LPG policies aimed to promote growth, competition, and integration with the global economy.
- Liberalization removed regulations and restrictions, enabling businesses to compete.
- Globalization opened up India to trade and investment from around the world.
- Privatization aimed to reduce the government’s role by selling state-owned enterprises.
- These policies led to rapid economic expansion, increased foreign investment, and growth of the middle class.
- However, LPG policies also widened the gap between rich and poor, led to environmental degradation, and caused social unrest.
- LPG policies have been debated for their impact on India’s economy, with some crediting them for growth and others criticizing their social and environmental effects.
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