CBSE Class 12 Economics — Development Experience (1947-90) and Economic Reforms since 1991

(A) (i) Mr. Ravi, an IT entrepreneur from Bengaluru, observed that several MNC's prefer India as their outsourcing Hub for services like software development, customer support, data management etc. His friend Priya believes this is due to certain inherent advantages of the Indian economy. In your opinion, state and explain any two factors that make India a preferred outsourcing destination. (3) (ii) "In the post-independence era, India adopted a protective tariff policy." Do you agree with the given statement ? Justify your answer with any two valid arguments. (3) OR (B) (i) `Strategic sale of a public sector undertaking and minority sale of their shares are methods of disinvestment.' Defend or refute the given statement with valid argument. (3) (ii) Discuss briefly, how bilateral trade agreements are different from multilateral trade agreements ? (3)