Liberalisation, Privatisation and Globalisation · Class 12 Indian Economic Development · Chapter 3
🇮🇳 Liberalisation, Privatisation and Globalisation: An Appraisal
CBSE Class 12 Humanities & Commerce · Indian Economic Development · Chapter 1
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| 95% | Why did India face the 1991 crisis? — 5-step template: BoP thesis + fiscal/PSU domestic causes + Gulf-War/reserves external trigger + IMF loan + NEP conclusion. Use the figures. | 6 MARKS |
| 80% | Liberalisation measures — Name all FIVE reform heads with one example each (delicensing / SEBI+FIIs / lower direct tax / 1991 devaluation / lower tariffs). | 6 MARKS |
| 60% | Privatisation + disinvestment + navratnas — Define privatisation, then disinvestment (minority equity sale), then navratna autonomy with one named PSU. | 4 MARKS |
| 60% | Globalisation + outsourcing + WTO — Define globalisation, explain outsourcing direction (work flows INTO India), WTO 1995 founder-member. | 4 MARKS |
| 65% | Critically appraise LPG / impact on agriculture — Balanced: services boom + BoP fixed (positives) vs agriculture neglect + jobless growth + inequality (negatives) + qualified-success conclusion. | 6 MARKS |
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