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The need for licensing was abolished. It does not have its Constitution. The features of the ASEAN vision 2020 are as follows : Question 5. So, the government resorted to borrowing to pay for its debts and was caught is a debt-trap. Answer: The political and diplomatic influence of the European Union has considerable significance. The benefits of the reforms have not been equally received. Globalisation encourages foreign trade and private and institutional foreign investment. Answer: The M. Com course mainly includes thesis based components and there may be some research-based elements included also. The US and China have already negotiated FTA with ASEAN. To decrease the debt burden of the country. (All India 2012) India and China are following the same policies in international economic institutions like the World Trade Organisation. Answer: Different causes of economic crisis are given as under. OR Question 2. Turning to course help online for help is legal. Words - Free ebook download as Text File (.txt), PDF File (.pdf) or read book online for free. (ii) The Great wall and Dragon. For example, an Iraqi invasion, where Britain and some other members of the EU joined US-led a coalition of willing, whereas France and Germany opposed the same. The privatisation of agriculture in 1982 was followed by the privatisation of industry in 1998. b) XYZ Limited has a paid-up share capital of Rs. Two aspects of cordiality in the relationship between India and China are : Two aspects of tension in the relationship between India and China are : Question 18. The circle symbolises the unity of ASEAN. We're planning to introduce a lot more drugs with transparent prices later this year, cutting out monopolistic middlemen in the supply chain and alleviating pharma drug shortages, particularly for rare and orphan disease conditions. Tax reforms are the principal component of fiscal reforms. Substantiate your answer by giving any four events that have brought cordiality in their relationship. India’s nuclear tests sometimes justified on grounds of threat from China and did not stop their interaction. Also, the economic emergence of China has made a substantial impact on world politics. The future is bright for the asset class in the region. Patients are scheduled for various lengths of time, depending on which part(s) of their body requires scanning. Password requirements: 6 to 30 characters long; ASCII characters only (characters found on a standard US keyboard); must contain at least 4 different symbols; Answer: Association of South East Asian (ASEAN) Nations was created in 1967 with the following objectives: Question 12. Here we have given Political Science Class 12 Important Questions Chapter 4 Alternative Centres of Power. GATT was established in 1948 with 23 countries as the global trade organisation. In 2011, India is the seventh largest foreign exchange reserve holder in the world. What is M.Com? So, it was prepared to put off the settlement of contentious issues while improving relations with India. What does the circle with golden stars on the European Union flag stand for? (All indin 2013) How has the European Union risen to be a super-national organisation? (Delhi 2014) It has an Internet connection, so consumers can use their smartphones to warm or cool the room while on their way home. Download. Financial Sector Reforms If you have any query regarding Political Science Class 12 Important Questions Chapter 4 Alternative Centres of Power, drop a comment below and we will get back to you at the earliest. Cheap paper writing service provides high-quality essays for affordable prices. It resulted in the spread of consumerism. 08 Mar 2021. But there are certain limitations : Question 3. Through an increase in transportation and communication links and working on common economic interests development of sound relationship has been taking place. Assess the role of ASEAN as an economic association. Deficit Privatikation/Token Privatisation When the government disinvests its shares to the extent of 5 to 10% to meet the deficit in the budget, this is termed as deficit privatisation or token privatisation. The world of e-money is abuzz with talk of dethroning King Dollar. As a result, the government initiated a new set of policy measures to reform the conditions of an economy and several economic reform programme were also introduced in this respect to promote privatisation, liberalisation and globalisation. The boundary disputes led to a massive Chinese invasion in October 1962. Question 11. ASEAN has focussed in creating a Free Trade Area (FTA) for investment, labour, and services. Limitations of the European Union European Union as a supranational association has been able to intercede in economic, political and social areas. How did the European Union exercise its political and diplomatic influence? Panchsheel act as guiding principle for Indo-China relation. No issues created problems between both the countries be it Pakistan’s nuclear programme being assisted by China. Indo-China Relation After Cold War End of the Cold War marked various changes in the relationship between India and China. It first took effect in 1948 as an agreement between 23 countries, and it remained in effect until 1995—at which point its membership had grown to 128 countries. Answer: Q-Poland The India-China relations examined are as below: Friendly relations, The Chinese invasion and strained relationship. Answer: Causes of Economic Crisis Delhi 2010 China is considered to be very powerful and factors such as population, land mass, resources, regional location and political influence add to its strength. Finally, China declared a unilateral ceasefire but relations between the two countries remained strained. Border issues resolution was also started in 1981. Growth of an economy is measured by the Gross Domestic Product (GDP). Evaluate the causes of the strained relations between India and China. The aristocracy and the new middle class, b. What is meant by ASEAN way? It is also known as strategic sale. There was inadequate investment in infrastructural facilities such as power supply. The ASEAN regional forum was established in 1994. Many of the services such as voice-based business processes (popularly known as BPO or call centres), record keeping, accountancy, banking services, music recording, film editing, book transcription, clinical advice or even teaching are being outsourced by companies in developed countries to India. Its purpose was mainly to expand production and trade in order to have optimum utilisation of world resources. Den Xiaoping declared the ‘Open Door Policy’ and rapid economic reforms in China. A few examples of public enterprises with their status are as follows. (Delhi (C) 2008) Answer: Bloomberg Industry Group provides guidance, grows your business, and remains compliant with trusted resources that deliver results for legal, tax, compliance, government affairs, and … The trade barriers were eliminated only in Special Economic Zones (SEZs) where foreign investors could set up enterprises. An Outcome of Globalisation End of the Cold War marked various changes in the relationship between India and China. Female employment and conditions of work are as bad as in Europe of the 18th and 19 th centuries. The most common and important objectives of privatisation are, Navratnas and Public Enterprise Policies But insight can be gleaned from a look at the dollar’s past, which shows that prophecies of its demise have been remarkably frequent — and off target. In fact, according to the WTO, “up to 80% of international trade is based on some form of credit or guarantee. Let us discuss these now Use of Soviet Model China accepted the Soviet model and relied on its resources. It is an obelisk-like device with a small wind tunnel that draws air through it from the room where it is positioned. Military influence EU stands second in combined armed forces and on total spending on defence. Increasing the efficiency of the government undertakings. The four ways by which the new economic policy of China benefitted its economy are : Question 4. Here we explore how investors are reacting to the opportunities and challenges these forces present. ASEAN’s strength, lies in its policies of interaction and consultation with member states, with dialogue partners and with other non-regional organisations. Conflict of 1962 and Post-Cold Era marked a major change in Indo-China relations. Explain any two causes which led to the formation of ASEAN. Prime Minister Nehru and Chinese Premier Zhou Enlai adopted Panchsheel, the Five Principles of Peaceful Co-existence on 29 April 1954. World Trade Organisation (WTO) For each of the selected topics there is an introductory two-hour lecture and a two-hour class contrasting English law with the solutions found in other jurisdictions. a) A company earns 5 per share. Question 10. (iii) The cartoon depicts the economic rise of China. Answer: Four border posts were also opened. (All India 2009) All our essays are customized to meet your requirements and written from scratch. NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12. Answer: No issues created problems between both the countries, be it Pakistan’s nuclear programme being assisted by China. Development of Industrial Economy China used all its resources to develop an industrial economy. Increasing transportation and communication link, common economic interests and global concerns establish sound relations. Study the paragraph given above carefully and answer the following questions Need for Economic Reforms WTO was expected to establish a rule based trading regime in which nations cannot place arbitrary restrictions on trade. UNIVERSITY. They are. After the change in China’s political leadership from the mid to late 1970s, China’s policy became more pragmatic and less ideological. (All India 2011) India signed FTA with two ASEAN members, Singapore and Thailand, and trying to sign an FTA with ASEAN itself. This is one of the important outcome of the globalisauon process. (Delhi 2008) Answer: Economic reforms have not been able to benefit the agricultural sector because, II- Uneven Growth in Industrial Sector Describe India’s relations with China from independence to 1962. No effort was made to reduce such increased spending and sufficient attention was not given to boost exports to pay for die growing needs. (All India 2011, 2009) Foreign trade grew with the creation of SEZs and new trading plans This resulted in high foreign exchange reserves and this way China became most significant for FDI. In order to improve efficiency, infuse professionalism and enable them to compete more effectively in the liberalised global environment, the government identifies PSUs and declare them as maharatnas, navratnas and mininavratnas. Establishment of SEZ’s Special Economic Zones was set up. (i) Abolition of Industrial Licensing Government abolished the licensing requirement of all industries, except for the five industries, which are, (ii) Contraction of Public Sector The number of industries reserved for the public sector was reduced from 17 to 8.. Presendy, only three industries are ’ reserved for public sector. (ii) ASEAN Question 1. It administers the ‘trade review mechanism’. I am an elite class Ph.D. writer who can deliver you a supreme level of content within your given deadline. COLLEGE. Answer: It has become more a nation-state. Analyse the basis of the projection of China to overtake the US as the world’s largest economy by 2040. Offer: $105. (iii) Where does the cartoon place the related country in international power politics? The EU has gradually evolved from an economic union to a political union. It contains twelve stars which symbolise perfection, completeness and unity. Policy of import licensing was almost scrapped. R-Hungary Answer: (Delhi 2014) Improving the financial condition of the government. Crisis in India is figured out because of the inefficient management of Indian Economy in 1980s. USA states whereas the EU is a combination of different states of regional blocs. Great Britain and France are members of the Security Council of UNO. ASEAN was established primarily for accelerating the economic growth and through that ‘social progress and cultural development,’ It still remains principally an economic community. Foreign Exchange Reforms/External Sector Reforms Prompt Delivery and 100% Money-Back-Guarantee. Due to the presence of some non-permanent members of the UN Security Council, the EU will be able to influence US policies. Features of the EU are as follows: Question 16. EU and USA carry similarities as well as differences between them. Answer: Greater operational, financial and managerial autonomy has also been granted to profit-making enterprises referred to as mininavratnas. 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Providing better goods and services to consumers. 339 Orders Completed. (Delhi 2016) The fiscal reforms simplified the tax structure and lowered the rates of taxation. The circle stands for solidarity and peace among the people of Europe. (iii) Bulgaria (C) and Romania (D), Question 2. It is a kind of interaction which is informal, unofficial, non-confrontationist and cooperative. This builds on the existing ASEAN policy to encourage negotiations over conflicts in the region. B-Denmark In the given political outline map of Europe, four member countries of the European Union have been marked A, B, C and D. Identify them with the help of information given below and write their correct names in your answer-book along with with their respective serial number and the alphabet concerned. This had an impact on relations between both of them. There are also reservations about including some new countries within the European Union. $ 10 page. Question 9. The growth of GDP increased from 5.6% during 1980-91 to 8.2% during 2007-2012. ASEAN stands for Association of South East Asian Nations and FTA stands for Free Trade Area. The company has a dividend payout rate of 10… Following are the factors responsible for the rising of the Chinese economy : Question 4. Privatisation Inflation It is a situation in which general price level of goods and services increases in an economy over a period of time. What is the meaning of Panchsheel? (Delhi 2014) Both the USA and the EU are federal structures. Bourdieu, using French consumer surveys, went beyond showing the class patterning of consumption to argue that the very notion of taste is an important aspect of reproducing class differences. It plays a significant role in the World Trade Organisation. Our services are here to provide you with legitimate academic writing help to assist you in learning to improve your academic performance. Influences that were exercised by the EU are : Question 1. Trade disputes that cannot be solved through bilateral talks are forwarded to the WTO dispute settlement ‘court’. Under the Marshall Plan, OEEC was created in 1948, to help West European states. Here we have given Political Science Class 12 Important Questions Chapter 4 Alternative Centres of Power. Tibetan spiritual leader Dalai Lama had sought asylum in India in 1959. (Delhi 2016, All India 2016) Question 4. There has been deterioration in agricultural growth rate. Trace the evolution process of the European Union, (All indin 2014) There was an erosion of confidence of international investors in the Indian economy. Answer: I can help you with your project. In outsourcing, a company hires regular service from external sources, mosdy from other countries, which were previously provided internally or from within the country like legal advice, computer service, advertisement, etc. Answer: All India 2016 It was meant to generate higher productivity by investments of capital and technology from other countries. Mention any two of its objectives. (All India, 2017,2016) Its members Britain and France are permanent members of the UN Security Council. Both India and China consider themselves as rising powers in international politics. Deng Xiaoping in 1978, announced ‘Open Door Policy’. We also have a team of customer support agents to deal with every difficulty that you may face when working with us or placing an order on our website. Question 4. Question 6. Libralisation was introduced with an aim to put an end to those restrictions which became major hindrances in growth and development of various sectors. Tax Reforms/Fiscal Reforms OR In the given political outline map of the European Union, identify and write the names of four old members marked as A, B, C and D and four new members marked as P, Q, R and S in your answer-book. Share of EU in world trade is three times larger than that of the US and this is the reason why the EU can be more assertive in trade disputes with the US and China. What do ASEAN and FTA stand for? Hi guys, Alex Oshmyansky here, CEO of the Mark Cuban Cost Plus Drug Company. However this had certain problems hence. The integration of China’s economy has considerable influence on trade partners. Answer: (All India 2016) Answer: Answer: The objectives of the ASEAN are to create a common market and production base within ASEAN states. To speed up the economic growth of member countries and through that growth, to bring social and cultural development. This shifting of power of the EU from economic to political force has not been easy as people were not very enthusiastic. A 10″ blade turning 3450 RPM travels 7.1 revolutions in 1/8 second. (Delhi 2011) Both have a democratic form of governments. Two steps taken by China to improve its economy are: Question 7. Due to above stated reasons, in the late 1980s, government expenditure began to exceed its revenue by such large margins that meeting the expenditure through borrowings became unsustainable. Mention the full form of the following (Delhi (C) 2008) Calculate the value of each share by using Walter’s Model. (Delhi 2012, 2011) It also functions as an important bloc in an international economic organisation such as WTO. At Six City Wellness Center, Greg operates a new state-of-the-art MRI scanner that serves approximately 10 patients during his 8-hr. Here we explore investor' vision for the future Insight. Boundary disputes arose between the two countries over Aksai-China area in the Ladakh region and NEFA in the Eastern region. (iv) External Sector Reforms It include Foreign exchange reforms and Foreign trade policy reforms. (2003). Liberalisation Poor performance of Public Sector Units (PSUs). Explain the new economic policies of China since 1978. Broadly taxes are classified. 01-Jan-2021, to all export goods. For example, in the Iraqi invasion, where Britain and some other members of the EU joined a US-led coalition of willing, whereas France and Germany opposed the same. Promotion of regional peace and stability based on laws and principles of the UN Charter. Why did India and China both, view themselves as rising powers in global politics in spite of the tension between them? It made China the most important destination for foreign direct investment (FDI) anywhere in the world. Answer: Though it does not have Constitution, it has its own flag, anthem, founding date and currency. (Delhi to 2008) Cheaper imports have decreased the demand for domestic industrial goods.

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