State with reasons whether you agree or disagree with the following statements

1) Liberalisation has permitted the use of foreign
technology.
Ans:- 
Yes, I agree with this statement.
Reasons:
1. Liberalisation has allowed the use of foreign technology in high priority industries.
2. The use of foreign technology reduces the cost of production.
3. The use of foreign technology also makes the industries competitive.
Thus, liberalisation has permitted the use of foreign technology.

2) Government has given private enterprises free
access to public sector.
Ans:- 
Yes, I agree with this statement.
Reasons:
1. By disinvestment, the government sells shares of sick public sector units to the private sector. For example, disinvestment of Maruti, VSNL, etc.
2. By dereservation policy, private enterprises have given free access to the public sector except for railway transport and atomic energy.
3. During 1997-98, nine public sector units were selected and were given the status of Navratnasa and were given Financial and managerial autonomy, for example, Oil and Natural Gas Limited (ONGC), Bharat Heavy Electrical Limited (BHEL).
Thus, the government has given private enterprises free access to the public sector.

3) Government has monopoly in insurance sector.
Ans:- 
No, I disagree with this statement.
Reasons:
1. The new economic policy passed Insurance, Regulatory, and Development Authority Act (IRDA) in 1999 With the aim of introducing reforms in the insurance sector.
2. The IRDA has given licence to many private companies to start an insurance business.
3. IRDA has ended the monopoly of government in the insurance sector.
Thus, the government has no monopoly in insurance

4) The creation of National Renewal Board was done
to remove poverty.
Ans:- 
Yes, I agree with this statement.
Reasons:
1. Due to the closing down of loss-making public sector units, the workers have to face a problem of unemployment and poverty.
2. National Renewal Board (NRB) was established to solve the problem of these unemployed workers.
3. NRB takes the responsibility for providing compensation to the retrenched workers or the workers taking voluntary retirement.
Thus, the creation of the National Renewal Board was done to remove poverty.

5) Indian Oil Corporation is one of the public sector
units among ‘Navratnas’.
Ans:- 
Yes, I agree with this statement.
Reasons:
1. During 1997-98, nine public sector units were selected and given the status of Navratnas on the basis of their performance.
2. These nine Navratnas were given full financial and managerial autonomy.
3. Indian oil corporation is one of these nine Navratnas.
Thus, Indian Oil Corporation is one of the public sector units among Navratnas.