12th Class Economics Liberalisation, Privatisation and Globalisation Question Bank Case Based MCQs - Liberalisation, Privatisation and Globalisation

  • question_answer
    IMF and World Bank granted 7 billion loan to India with a major restriction to follow a closed economy model. The given statement is

    A) True

    B) False

    C) Partially true

    D) Can't say, there were no such conditionalities

    Correct Answer: B

    Solution :

    They expected India to follow an open economy model with removal of trade barriers and enhanced role of private sector.


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