________ is the result of New Industrial Policy which abolished the 'License System'.

________ means permitting the private sector to setup industries which were previously reserved for public sector.

New Economic Policy was introduced in the year___________.

Liberalization is the result of New Industrial policy which abolished the

The removal of tariff barriers can lead to lower prices for

The trade liberalisation often benefits developed countries rather than developing

Assertion (A): Liberalisation refers to laws or rules being liberalized, or relaxed by a government.
Reason (R): Trade liberalisation means firms will face greater competition from abrod. 
Codes:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A).
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A).
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true.

Assertion (A): Privatisation means permitting the private sector to set up industries which were previously reserve for the public sector.
Reason (R): Under this policy many public sector units were sold to private sector.
Codes:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A).
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A).
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true.

State the branches of New Economic Policy.

What is Privatization?

Give any two advantages of Globalisation.

What do you mean by Globalization?

What do you mean by Liberalisation?

What are advantages of disinvestment?

Write a short note on New Economic Policy.

What is meant by public Sector Units (PSU)s ?

Explain the advantages and disadvantages of liberalisation.(any 5)

Explain the impact of LPG on Indian Economy.