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Question
Giving freedom to Indian business and industries from all unnecessary government controls and restrictions is an example of ______.
Options
Privatisation
Liberalisation
None of these
Globalisation
MCQ
Fill in the Blanks
Solution
Giving freedom to Indian business and industries from all unnecessary government controls and restrictions is an example of liberalisation.
Explanation:
Licensing, quotas, and other unneeded restrictions and regulations on industry and trade are all examples of liberalisation.
shaalaa.com
Impact of Government Policy Changes on Business with Special Reference to Liberalization, Privatization and Globalization in India
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