What do you mean by liberalisation of foreign trade? -SST 10th

What do you mean by liberalisation of foreign trade? -SST 10th
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. Removing barriers or restrictions set by the government is known as liberalisation. . With the liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export. . The government imposes lesser restrictions than before and is therefore, said to be more liberal.
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How was the liberalisation policy gradually adopted in India? -SST 10th

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Last Answer : (4) Privatisation Explanation: Privatization is the process of transferring ownership of a business, enterprise, agency, public service or public property from the public sector (a government) to the ... or functions to private firms, e.g. revenue collection, law enforcement, and prison management.

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Last Answer : a. 1991

Assertion (A). Industrial policy 1991 initiated liberalisation of Indian economy. Reason (R). Industrial growth was very slow before 1991. A. Both (A) and (R) are true and (R) is the correct explanation of (A). B. Both (A) and (R) are true but (R) is not the correct explanation of (A). C. (A) is true but (R) is false. D. (A) is false but (R) is true.

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Description : In India, Liberalisation & Privatisation began from A. 1991 B. 1971 C. 1981 D. 1947

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Freeing the economy from all unnecessary controls and regulations is referred to as (1) Freedom (2) Privatisation (3) Liberalisation (4) Globalisation

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Last Answer : Liberalisation

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The Indian government removed barriers on foreign trade and foreign investment to a large extent. What does this mean? -SST 10th

Description : The Indian government removed barriers on foreign trade and foreign investment to a large extent. What does this mean? -SST 10th

Last Answer : This means that goods could be imported and exported easily and also foreign companies could set up factories and offices here.

Why are trade barriers imposed on the foreign trade and investment in a country? -SST 10th

Description : Why are trade barriers imposed on the foreign trade and investment in a country? -SST 10th

Last Answer : Trade barriers are used by the governments - . To increase, decrease or regulate foreign trade. . To decide what kinds of goods and how much of each, should come into the country. . To protect the producers within the country from foreign competition.

How does foreign trade integrate that markets of different countries? -SST 10th

Description : How does foreign trade integrate that markets of different countries? -SST 10th

Last Answer : Integration of Foreign markets: . Producers reach beyond the domestic market. . Producers compete with markets located in other countries of the world . There is expansion of choice of goods beyond the domestic market. . Produces in the two countries closely compete against each other.

Why had the Indian government put barriers to foreign trade and foreign investments after independence? -SST 10th

Description : Why had the Indian government put barriers to foreign trade and foreign investments after independence? -SST 10th

Last Answer : Indian government has put barriers to foreign trade and foreign investments after independence because: . It wanted to protect the producer within the country from foreign competition. . As the ... . . Indian allowed imports of only essential items such as machinery fertilizers, petroleum, etc.

‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.’ -SST 10th

Description : ‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.’ -SST 10th

Last Answer : Removal of barriers on foreign trade and foreign investment: . Barriers on foreign trade and foreign investment were partially removed. . Goods could be improved and exported easily. . Foreign ... and offices here. . Opportunities for Indian producers to compete with producers around the globe.

What are the effects of foreign trade? -SST 10th

Description : What are the effects of foreign trade? -SST 10th

Last Answer : Effects of foreign trade are as follows: 1.Chinese have started exporting Chinese plastic toys to India. 2.Buyers in India now have the option of choosing between Indian and Chinese toys. 3.Because of ... prove better. With the result, Indian toy-makers face losses, as their toys are selling less.

What are the basic functions of foreign trade? -SST 10th

Description : What are the basic functions of foreign trade? -SST 10th

Last Answer : . Foreign trade creates an opportunity for the produces to reach beyond the domestic markets. . Producers can sell their produce not only in markets located within the country but can also compete ... another country is one way of expanding the choice of goods beyond what is domestically produced.

What is the basic function of foreign trade ? -SST 10th

Description : What is the basic function of foreign trade ? -SST 10th

Last Answer : Foreign Trade helps in creating opportunities for the producers of a country to reach beyond the domestic market (market of their own country) and compete in markets located in other countries.

Why had the Indian government put barriers to foreign trade and foreign investments after independence ? -SST 10th

Description : Why had the Indian government put barriers to foreign trade and foreign investments after independence ? -SST 10th

Last Answer : 1. The Indian economy was instable and weak after the British left India, and it was important to allow the economy to develop and flourish itself in order to cope up with the high ... from producers and companies abroad were certainly not suitable to India's situation at the time of independence.

Barriers to foreign trade and foreign investment were removed to a large extent in India since 1991'. Justify the statement. -SST 10th

Description : Barriers to foreign trade and foreign investment were removed to a large extent in India since 1991'. Justify the statement. -SST 10th

Last Answer : 1. The government decided to remove the barriers on foreign trade and foreign investment around 1991 as it was realized that the time had come for Indian producers to compete with producers around ... as they would have to improve their quality of service in comparison to the foreign competition.

Foreign trade integrates the markets in different countries.' Support the statement with arguments. -SST 10th

Description : Foreign trade integrates the markets in different countries.' Support the statement with arguments. -SST 10th

Last Answer : Foreign trade integrates markets in different countries: 1. After the trade, goods travel between countries and goes beyond the domestic market. 2. The choices of good increases for the people ... who produce similar goods start to compete even though there is a huge distance between them.

Why had the Indian Government put barriers to foreign trade and foreign investment after independence ? State any one reason. -SST 10th

Description : Why had the Indian Government put barriers to foreign trade and foreign investment after independence ? State any one reason. -SST 10th

Last Answer : Indian Government put barriers after independence because they wanted to avoid foreign competition for the domestic producers.

Which organization lays stress on liberalization of foreign trade and foreign investment ? -SST 10th

Description : Which organization lays stress on liberalization of foreign trade and foreign investment ? -SST 10th

Last Answer : The World Trade Organisation (WTO) lays stress on liberalization of foreign trade and foreign investment.

Why had Indian government put barriers to foreign trade and foreign investment after independence ? Explain. -SST 10th

Description : Why had Indian government put barriers to foreign trade and foreign investment after independence ? Explain. -SST 10th

Last Answer : 1. The Indian government after independence had put barriers to foreign trade and investment in order to protect the domestic producers of goods and services from the foreign competition. 2 ... by the government for only certain essential items such as machinery, fertilizers, petroleum etc.

Name an important barrier on foreign trade. -SST 10th

Description : Name an important barrier on foreign trade. -SST 10th

Last Answer : An important barrier to foreign trade is a tax on imports.

How has foreign trade been integrating markets of different countries in the world ? Explain with examples. -SST 10th

Description : How has foreign trade been integrating markets of different countries in the world ? Explain with examples. -SST 10th

Last Answer : 1. Foreign trade creates an opportunity for the producers to reach beyond the domestic markets, i.e., markets of their own countries. 2. The competition is thus not just within the county, but also ... and lights in India, which led to a lowering of prices of these products in both the countries.

Which one of the following organizations lays stress on liberalization of foreign trade and foreign investment ? -SST 10th

Description : Which one of the following organizations lays stress on liberalization of foreign trade and foreign investment ? -SST 10th

Last Answer : (WTO) World Trade Organization

In which year did the government decide to remove barriers on foreign trade and investment in India ? -SST 10th

Description : In which year did the government decide to remove barriers on foreign trade and investment in India ? -SST 10th

Last Answer : The government decided to remove barriers on foreign trade and investment and introduce a new series of economic reforms in India in the year 1991.

what were the reasons for putting barriers to foreign trade and foreign investment by the Indian government ? -SST 10th

Description : what were the reasons for putting barriers to foreign trade and foreign investment by the Indian government ? -SST 10th

Last Answer : Government of India initiated slew of measures to put barrier on foreign trade and investment owing to following reasons: To safeguard the domestic producers from foreign competition. Ideological ... early 1990s, wherein India didn't have adequate foreign reserve to pay for the imports.

How does foreign trade lead to integration of markets across the countries? -SST 10th

Description : How does foreign trade lead to integration of markets across the countries? -SST 10th

Last Answer : Foreign trade is the main channel which connects the markets of various countries. Foreign trade lead to integration of markets across the countries as follows : (a) Creates opportunities for ... ) Producers of different countries compete with each other although they are thousands of miles away.

Why did India put barriers on foreign trade and investment after independence? -SST 10th

Description : Why did India put barriers on foreign trade and investment after independence? -SST 10th

Last Answer : Soon after independence India put barriers on foreign trade and independent to create a large industrial base which helped in increasing the industrial production. Policies were changed in 1991 ... (b) Reduce the problems like unemployment, poverty, inflation etc. and support industrialisation.

What is the meaning of liberlization of foreign trade ? -SST 10th

Description : What is the meaning of liberlization of foreign trade ? -SST 10th

Last Answer : Liberalisation of foreign trade means removing barriers or restrictions put by the government on the import and export of goods. Indian government had put barriers to foreign trade and ... put in competition with international products. (b) To enhance industrialisation and foreign exchange.

How could you distinguish between ‘foreign trade’ and ‘foreign investment’ ? -SST 10th

Description : How could you distinguish between ‘foreign trade’ and ‘foreign investment’ ? -SST 10th

Last Answer : Foreign trade is integration of markets in different countries. For example, export and import of goods and services from one country to another. But foreign investments are investments made by ... globe also creates better job opportunities and better income. So MNCs promote foreign trade also.

Why had the Indian Government put barrier to foreign trade and foreign investment after independence? State any one reason. -SST 10th

Description : Why had the Indian Government put barrier to foreign trade and foreign investment after independence? State any one reason. -SST 10th

Last Answer : The Indian government, after Independence, had put barriers to foreign trade and foreign investment because this was considered necessary to protect the producers within the country from foreign competition.

What is basic function of foreign trade? -SST 10th

Description : What is basic function of foreign trade? -SST 10th

Last Answer : Foreign trade creates an opportunity for the producers to reach beyond the domestic markets, i.e., markets of their own countries.

What are the benefits of foreign trade? -SST 10th

Description : What are the benefits of foreign trade? -SST 10th

Last Answer : Benefits of foreign trade are: (i) With the opening of trade, goods travel from one market to another. (ii) Choice of goods in markets rises. (iii) Prices of similar goods in two ... in the two countries now closely compete against each other even though they are separated by thousands of miles.