Single Choice

Liberalization means ________.

AIntegrating among Economies
BReduced Government Controls and Restrictions
Correct Answer
CPolicy of Planned Disinvestments
DNone of the Above

Solution

Liberalization refers to reduction of government controls and restrictions for international trade. It helps in globalization of markets. India was liberalized is 1991.
Liberalization (or liberalisation) is any process whereby a state lifts restrictions on some private individual activities. Liberalization occurs when something which used to be banned is no longer banned, or when government regulations are relaxed.


SIMILAR QUESTIONS

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