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 the 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 5 bullet points related to Liberalisation, Globalisation, and Privatisation for Class 12 Economics:
- Liberalisation, Globalisation, and Privatisation (LPG) were a set of policies implemented in India in the early 1990s to promote economic growth, increase competitiveness, and integrate India with the global economy.
- The policy of liberalisation aimed to reduce government regulations and promote competition in various sectors of the economy, including industry, trade, and finance.
- The policy of globalization aimed to integrate India with the global economy, encourage foreign investment, and increase exports.
- The policy of privatization aimed to reduce the role of the state in the economy by selling state-owned enterprises and encouraging private investment in various sectors.
- The implementation of LPG policies had a significant impact on the Indian economy, leading to increased economic growth, greater foreign investment, and an expansion of the middle class. However, it also resulted in increased income inequality, environmental degradation, and social unrest.
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