Question : A key feature of economic liberalization in India was:
Option 1: Strengthening of public sector monopolies
Option 2: Deregulation and privatization
Option 3: Increased emphasis on agricultural subsidies
Option 4: Closure of foreign companies
Correct Answer: Deregulation and privatization
Solution : A key feature of economic liberalization in India was deregulation and privatization, aimed at reducing government control and promoting private sector participation in the economy.
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