Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Privatisation Definition
Privatisation implies:
- Increasing government ownership of enterprises
- Shedding of ownership or management of a government-owned enterprise — Correct Answer
- Nationalisation of private companies
- Merger of public and private companies
Explanation:
Correct Answer Explanation
Privatisation implies shedding of the ownership or management of a government-owned enterprise.
Key Points:
- Two ways: (i) Withdrawal of government from ownership/management, (ii) Outright sale of public sector companies.
- Purpose: Improve financial discipline and facilitate modernisation.
- Private capital and managerial capabilities could improve PSU performance.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
