Aadharshila Vidyapeeth

Subject – ECONOMICS

CLASS-XII
ASSIGNMENT- 3

Topic – Liberalization, Privatization &

Globalization: An Appraisal
Question – 1) What refers to the disposal of equity of public sector
units in the market?

a) Globalization
b) Privatization
c) Disinvestment
d) Liberalization

Question – 2) Outsourcing is good for India because:

a) It provides employment to large number of unemployed.

b) It provides excellence in a particular field
c) Both (a) and (b)
d) Neither (a) nor (b)
Question – 3) What do you mean by the term “Liberalization”?

Question – 4) Name any two industries which are exclusively reserved

for the public sector.

Question – 5) Mention any three reasons which were responsible for

the bringing of New Economic Policy 1991.

Question – 6) Mention the major functions of World Trade

Organization.

Question – 7) Discuss the tax reforms introduced under the New

Economic Policy 1991.

Question – 8) What is meant by Privatization? Mention any two ways

in which privatization can be done.

Question – 9) Briefly discuss the two kinds of measures, in which new

economic policy can be classified.

Question – 10) Explain in brief, the various points of criticism of

economic reforms.