Privatization And Commercialization Programmes - SS3 Economics Past Questions & Answers - page 1

1

What do privatization and commercialization programs aim to achieve?

A

Increase state ownership and control in the economy

B

Reduce the financial burden on the government and improve efficiency

 

C

Increase job losses and reduce public services

CORRECT OPTION: b
2

What is privatization?

A

The transformation of government-run entities into self-financing enterprises

B

The transfer of ownership and control of state-owned enterprises to private investors

C

The granting of greater autonomy to government-run entities

 

CORRECT OPTION: b
3

What is commercialization?

A

The transfer of ownership and control of state-owned enterprises to private investors

B

The granting of greater autonomy to government-run entities

 

C

The transformation of government-run entities into self-financing enterprises

CORRECT OPTION: c
4

What is the negative impact of privatization and commercialization programs? 

A

Increased job opportunities

 

B

Reduced access to public services for the poor and vulnerable populations

C

Decreased efficiency in the industry

CORRECT OPTION: b
5

What is the aim of commercialization?

A

To reduce government spending

B

To generate revenue and operate as independent commercial entities

 

C

To encourage private sector investment

CORRECT OPTION: b
6

What is the difference between privatization and commercialization?

 

Privatization involves transferring ownership and control of state-owned enterprises to private investors, while commercialization involves transforming government-run entities into self-financing, profit-oriented enterprises.

7

What is the aim of privatization and commercialization programs? 

 

The aim is to reduce the financial burden on the government and improve efficiency in government-run enterprises.

8

What are some negative impacts of privatization and commercialization programs? 

Increased job losses and reduced access to public services, especially for the poor and vulnerable populations.

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