Welcome to the NCERT Solutions for Class 11 Economics - Indian Economic Development - Chapter Liberalisation, Privatisation and Globalisation: An Appraisal. This page offers a step-by-step solution to the specific question from Exercise 1, Question 6: . With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.
Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers.
(i) Strategic and Minority sale
| S.No. | Strategic Sale | Minority Sale |
|---|---|---|
| a. |
Strategic Sale refers to the sale of 51% or more stake of a PSU to the private sector who bids the highest. |
Minority Sale refers to the sale of less than 49% stake of a PSU to the private sector. |
| b. |
The ownership of PSU is handed over to the private sector. |
The ownership of PSU still remains with the government as it holds 51% of stakes. |
(ii) Bilateral and Multi-lateral trade
| S.No. | Bilateral Trade | Multi-lateral Trade |
|---|---|---|
| a. |
It is a trade agreement between two countries. |
It is a trade agreement among more than two countries. |
| b. |
This is an agreement that provides equal opportunities to both the countries. |
This is an agreement that provides equal opportunities to all the member countries in the international market. |
(iii) Tariff and Non-tariff barriers.
| S.No. | Tariff Barriers | Non-tariff Barriers |
|---|---|---|
| a. |
It refers to the tax imposed on the imports by the country to protect its domestic industries. |
It refers to the restrictions other than taxes, imposed on imports by the country. |
| b. |
It includes custom duties, export-import duties. |
It includes quotes and licenses. |
| c. |
It is imposed on the physical units (like per tonne) or on value of the goods imported. |
It is imposed on the quantity and quality of the goods imported. |
Match the following:
|
1. Prime Minister 3. Quota 4. Land Reforms 5. HYV Seeds 6. Subsidy |
A. Seeds that give large proportion of output C. Chairperson of the planning commission D. The money value of all the final goods and services produced within the economy in one year. E. Improvements in the field of agriculture to increase its productivity F. The monetary assistance given by government for production activities. |
NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:
Stay updated with our latest educational content and study tips
One of the challenging things students face nowadays is procrastination. It hinders productivity, making it difficult for students to score well. We often associate procrastination as just being lazy. But there’s more to it. Various studies have shown that procrastination stems from negative feelings such as stress and anxiety. Oftentimes, when we start, we think […]
Read MoreThe CBSE Board Exam is a crucial milestone for millions of students across India. The Central Board of Secondary Education is famous for its imparting quality education and knowledge which reaches out to a large share of students. Also, it is important to know that, the CBSE board takes a slight unconventional route, since it […]
Read MoreHaryana government issued a notification on 31st December 2024 through its Gazette notification No. 42/119/2019-5HR-II for CET Haryana 2024. The Common Eligibility Test (CET) for Haryana is a significant opportunity for candidates seeking government jobs in Group C and Group D posts. Below is a comprehensive summary of the key information you need to know […]
Read MoreSacrificing your sleep to study more is doing more damage than you think. While it may seem like utilizing every hour of the day for study leads to better outcomes, the reality is quite the opposite. Lack of proper rest can negatively impact your brain, especially when it comes to sleep and memory retention. You’ll […]
Read MoreWelcome to the NCERT Solutions for Class 11 Economics - Indian Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 6: Distinguish between the following (i) Strategic and Minority sale (ii) Bilateral and Multi-later....
Add Comment