Question : Fill in the blanks-
Under new economic policy, disinvestment is a part of ____. Freedom in fixing price of goods and services is a part of _____.
Option 1: Liberalisation, privatization
Option 2: Privatization, liberalisation
Option 3: Liberalisation, globalization
Option 4: Globalization, privatization
Correct Answer:
Privatization, liberalisation
Solution :
Under new economic policy, disinvestment is a part of privatization. Freedom in fixing price of goods and services is a part of liberalisation. Privatization involves shifting of ownership from government sector to private sector with as liberalisation involves removal in the unnecessary controls in the business by the government.
Hence Option B is correct.
