SELECT * FROM question_mgmt as q WHERE id=5862 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=2 AND subId=32 AND chapterId=244 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 11th economics-indian-economic-development Liberalisation, Privatisation and Globalisation: An Appraisal distinguish between the following i strategic

Question:

Distinguish between the following

(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers.

Answer:

(i) Strategic and Minority sale

S.No. Strategic Sale Minority Sale
a.

Strategic Sale refers to the sale of 51% or more stake of a PSU to the private sector who bids the highest.

Minority Sale refers to the sale of less than 49% stake of a PSU to the private sector.
b.

The ownership of PSU is handed over to the private sector.

The ownership of PSU still remains with the government as it holds 51% of stakes.


(ii) Bilateral and Multi-lateral trade

S.No. Bilateral Trade Multi-lateral Trade
a.

It is a trade agreement between two countries.

It is a trade agreement among more than two countries.
b.

This is an agreement that provides equal opportunities to both the countries.

This is an agreement that provides equal opportunities to all the member countries in the international market.


(iii) Tariff and Non-tariff barriers.

S.No. Tariff Barriers Non-tariff Barriers
a.

It refers to the tax imposed on the imports by the country to protect its domestic industries.

It refers to the restrictions other than taxes, imposed on imports by the country.
b.

It includes custom duties, export-import duties.

It includes quotes and licenses.
c.

It is imposed on the physical units (like per tonne) or on value of the goods imported.

It is imposed on the quantity and quality of the goods imported.


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