Question : Privatization refers to the transfer of ownership and control of:
Option 1: Government-owned enterprises to the private sector
Option 2: Private enterprises to the government
Option 3: Small-scale enterprises to large-scale enterprises
Option 4: International enterprises to domestic enterprises
Correct Answer: Government-owned enterprises to the private sector
Solution : The correct answer is (a) Government-owned enterprises to the private sector
Privatization refers to the process of transferring ownership and control of government-owned enterprises or assets to the private sector. It involves the sale or lease of public enterprises, including companies, industries, or infrastructure, to private individuals, corporations, or investors.
The objective of privatization is to reduce the government's involvement in the economy, promote efficiency and competition, attract private investments, and improve the performance of the previously state-owned enterprises. Privatization allows for private ownership, management, and decision-making in the transferred entities, with the aim of enhancing productivity, profitability, and overall economic growth.
Question : Statement 1: Privatization refers to the transfer of government-owned enterprises to the private sector.
Statement 2: Disinvestment refers to the sale of private enterprises to the government.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Statement 2: Disinvestment refers to the acquisition of private enterprises by the government.
Question : Disinvestment refers to the sale of government equity or shares in:
Option 1: Public sector enterprises
Option 2: Private sector enterprises
Option 3: Foreign sector enterprises
Option 4: Cooperative sector enterprises
Question : Fill in the blanks- _________ means the transfer of ownership, management, and control of public sector enterprises to private enterprises.
Option 1: Liberalisation
Option 2: Privatisation
Option 3: Globalisation
Option 4: None of the above.
Question : In the context of globalisation, economic liberalization refers to:
Option 1: Increasing government control over the economy
Option 2: Reducing barriers to international trade and investment
Option 3: Promoting state-owned enterprises
Option 4: Decreasing foreign direct investment
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile