Political Science · Political Processes in India
UGC NET December 2019 Political Science
The positive impact of Liberalization are
- I. Foreign investment
- II. Increased production
- III. Increased unemployment
- IV. Technological advancement
AI, II & IV ✓ Correct
BII & III
CI & III
DI, II & III
Correct answer: (A) I, II & IV — The positive impacts of liberalization are foreign investment, increased production and technological advancement, that is statements I, II and IV.
Explanation
★The positive impacts of liberalization are foreign investment, increased production and technological advancement, that is statements I, II and IV.
★Liberalization in India was launched by the 1991 New Economic Policy under P.V. Narasimha Rao and Manmohan Singh, easing licensing, trade and foreign investment.
★Opening to foreign direct investment brought capital, while reduced controls and competition raised output and productivity.
★Greater openness to global firms accelerated technology transfer and modernisation of industry.
★Increased unemployment is a feared cost, not a positive impact, so statement III is excluded.
★For NET, remember the LPG package of 1991: Liberalization, Privatization and Globalization, with deregulation as its core instrument.
Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.
Shared by Mcqkart · via Mcqkart.in