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Topic: CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL

Fiscal Policy Definition

The government’s taxation and public expenditure policies are collectively known as:

GATT Established Year

GATT was established in which year and with how many countries?

WTO Covers

WTO agreements cover trade in:

Liberalisation Measures in 1980s

A few liberalisation measures introduced in the 1980s covered which areas?

Mixed Economy Framework

Since independence, India followed which economic framework?

Tax Revenue Problem Post-Reform

Tax reductions in the reform period aimed at yielding larger revenue have:

1991 Economic Crisis Cause

In 1991, India met with an economic crisis relating to its:

Direct Taxes

Direct taxes consist of taxes on:

WTO Purpose

WTO is expected to establish:

Fiscal Policy Impact of Reforms

Economic reforms have affected fiscal policies by:

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