Match each part of the 1991 reforms with an example.

Match each part of the 1991 reforms with…

Question 47

MediumOriginal question

Match each part of the 1991 reforms with an example.

List I	List II
A. Liberalisation	I. Selling shares of a public firm
B. Privatisation	II. Rebuilding forex reserves
C. Globalisation	III. Ending industrial licensing
D. Stabilisation	IV. Cutting tariffs under WTO rules

A-III, B-IV, C-II, D-ICorrect answerYour answerA-IV, B-II, C-III, D-ICorrect answerYour answerA-III, B-I, C-IV, D-IICorrect answerYour answerA-I, B-II, C-III, D-IVCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Removing controls is liberalisation; selling state shares is privatisation; opening to world trade is globalisation; rebuilding reserves is stabilisation.

Concept: LPG
Typical timeTypical: 90 s
Your timeYours: —

The rule this testsGlobalisation, outsourcing and the WTO

Practise this chapter →

Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

Practise this chapter →

Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

Question 47

Explanation