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Questions and Answers
What percentage of state-owned industrial units were privatized by 1991?
In which year was the privatization strategy initiated in Sri Lanka?
What was the outcome of privatization in Sri Lanka in terms of state-owned companies?
What sector was completely privatized in 1995?
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Which industries were not fully privatized due to government caution?
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What was privatized in 1998?
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By what year had Bangladesh privatized 609 industrial enterprises?
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What was the total value of privatization transactions in India by March 1998?
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How many major enterprises did Bangladesh complete administrative formalities for privatizing in the early 1990s?
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In what sectors did privatization have an impact in Bangladesh?
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What is the stance of the Communist Party of Nepal on privatization?
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How many state enterprises in Nepal have been privatized or are under consideration?
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What was the pace of India's approach to privatization compared to Bangladesh's?
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Between 1991 and 1998, how many enterprises did India privatize out of 240?
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Which sector is NOT affected by privatization ventures in Nepal?
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What is the primary motivation behind the Pakistani government's commitment to privatization?
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What is the common characteristic of the privatization programs in Nepal and Pakistan?
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Which party in Nepal has historically been more supportive of privatization?
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What is the impact of privatization on the economy, according to the Pakistani government?
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What is a common sector affected by privatization in both Nepal and Pakistan?
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Study Notes
Privatization in Sri Lanka
- By 1991, 97 out of 118 state-owned industrial units were privatized in sectors such as automobiles, energy, fertilizer, cement, chemicals, food products, transport, and telecommunications.
- More than 50 state-owned companies were sold, but the government remained cautious in completely withdrawing price controls from sectors like petroleum, railway, roads, telecommunications, airlines, and electricity.
- Significant portions of companies were sold to foreign investors, including the gas company in 1995, steel corporation in 1996, and the national airline and telecommunications in 1998.
Privatization in Nepal
- Under the Nepali Congress Party, the privatization program expanded.
- The program slowed down under the Communist Party of Nepal, which questioned the methods of privatization.
- Out of 60 state enterprises, many have been privatized, and others are under consideration.
- Major sectors affected by privatization include fertilizer, banking, salt, cement, power, textile, insurance, water, sugar, tobacco, bus, telecommunications, and airlines.
Privatization in Pakistan
- Recent ruling parties have been strongly committed to a market-led policy of privatization.
- Privatization is considered a chosen option to enhance the country's economic progress.
- No specific sectors or companies mentioned in the text.
Privatization in Bangladesh
- By 1990, 609 industrial enterprises were privatized.
- In the early 1990s, administrative formalities were completed for privatizing another 28 major enterprises.
- Sectors affected by privatization include textile, steel, sugar, power, natural gas, oil exploration, port, telecommunication, transport, banking, insurance, and tourism.
Privatization in India
- The government took a more gradual approach to privatization.
- Between 1991 and 1998, 39 enterprises out of 240 were privatized.
- By March 1998, the total value of privatization transactions was Rs. 112.57 billion.
- The rate of proceeds from disinvestment has increased since 1998.
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Description
This quiz assesses your knowledge of the privatization program implemented in 1991, covering various industrial sectors such as automobiles, energy, and more.
