Liberalisation, Privatisation and Globalisation: An Appraisal: Class 12 Economics (CBSE) important questions and practice
Liberalisation, Privatisation and Globalisation: An Appraisal is chapter 9 of 14 in CBSE Class 12 Economics. Below are the topics the paper draws from, the question types that come up again and again, and a free practice test on this chapter alone.
Topics in this chapter
- Background of the 1991 crisis: fiscal deficit, balance of payments, IMF and World Bank conditions
- Liberalisation: industrial sector, financial sector, tax, foreign exchange and trade reforms
- Privatisation: disinvestment and navratna status
- Globalisation: outsourcing and the WTO
- Indian economy during reforms: growth, agriculture, industry, disinvestment, reforms and fiscal policies
- Demonetisation and GST
What examiners usually ask
- Why were reforms introduced in India in 1991?
- Distinguish between liberalisation and privatisation; what is disinvestment?
- Critically appraise the impact of the reform process on agriculture and industry
Exam tip
Structure the appraisal answer as 'growth in services versus neglect of agriculture and industry' with the textbook's arguments (reduced public investment, removal of fertiliser subsidy, import liberalisation, infrastructure gaps); also know the WTO's 1995 founding and India's disinvestment examples.
Liberalisation, Privatisation and Globalisation: An Appraisal on other boards and exams
Frequently asked questions
What are the important questions from Liberalisation, Privatisation and Globalisation: An Appraisal for CBSE Class 12?
The question types listed above repeat most often in CBSE Class 12 Economics papers for this chapter. Practise them with the chapter test and then attempt them inside a full previous-year paper under time.
Is Liberalisation, Privatisation and Globalisation: An Appraisal in the CBSE Class 12 Economics syllabus?
Yes. Liberalisation, Privatisation and Globalisation: An Appraisal is part of the current CBSE Class 12 Economics syllabus, as listed on this site from the prescribed textbook.
Can I practise Liberalisation, Privatisation and Globalisation: An Appraisal MCQs in Hindi?
Yes. The chapter test and explanations are available in Hindi and English, with an AI doubt solver for any question.