✓ Board-verified
Economics · 2024 · 1 mark
Liberalisation, Privatisation and Globalisation: An AppraisalGlobalisation1 markAnalyseassertion reason
CBSE 2024 · Region 1 · Set 1 · Q22
Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative given below: Assertion (A): World Trade Organization…
Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative given below :
Assertion (A) : World Trade Organization (WTO) is expected to establish the rule-based trading regime, to avoid unilaterally placed arbitrary restrictions by member nations.
Reason (R) : It is imperative to enlarge world production and ensure optimum utilization of world resources along with environmental protection.
Alternatives :
Official answer
(A)
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Marking-scheme solution
(A)
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
All Liberalisation, Privatisation and Globalisation: An Appraisal questions2024 question paperPractice Liberalisation, Privatisation and Globalisation: An Appraisal →
More from Liberalisation, Privatisation and Globalisation: An Appraisal
- “Many economists believe that the economic reforms process of 1991 had adversely affected the agricultural sector.” Do you agree with the given…2023
- Read the following statements – Assertion and Reason (R). Choose the correct alternative from the options given below: Assertion: Under the financial…2025
- Some economists argue that: “Post-1991 economic reforms, globalisation played a major role in poor performance of the industrial sector.” Present…2025
- (i) “Under the liberalisation measures taken by the Government of India, Trade and Investment Policy reforms were extremely crucial.” Reject or…2024
- (i) Discuss any two objectives which were aimed at, by the introduction of Financial sector reforms by the Government of India during economic…2026
- (i) “Under the liberalisation measures taken by the Government of India, regulation of industrial sector was extremely crucial.” Reject or support…2024
- The primary outcome of the efforts initiated by the Indian Government (Liberalisation and Privatisation) under the New Economic Policy of 1991 was.…2026
- (i) Discuss briefly, causes and consequences of tax reforms taken by the Indian Government during economic reforms. (ii) Distinguish between…2025
CBSE Class 12 Economics past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.