In the context of economic reforms, 'Disinvestment' involves:
A. Nationalisation of private firms
B. Complete closure of all public enterprises
C. Sale of government equity in public sector enterprises
D. Increasing government stake in public sector enterprises
Answer: Option C
Solution (By JKSSB Mock Tests)
Disinvestment refers to the sale of government-held shares in public sector enterprises to private investors or the public, thereby reducing the government's ownership stake.
Explanation:
The current account includes merchandise trade, trade in services, primary income and secondary income (transfers). FDI, portfolio investment and ECBs are capital account items.
Explanation:
Libertarian paternalism, the philosophical foundation of nudge theory, advocates interventions that improve welfare by guiding choices without restricting the set of available options.
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