Question : Fill in the blanks-
Under new economic policy, removal of restrictions on the expansion of business activities and reduction in the tax rate is a part of _____________________.
Option 1: Liberalisation
Option 2: Privatization
Option 3: Globalization
Option 4: All of the above.
Answer (1)
25th Jan, 2024
Correct Answer:
Liberalisation
Solution :
Liberalization means removal of unnecessary control and restriction on business. It includes removal of restriction on the expansion of business activities and reduction in the tax rate. It has also liberalized the process of attrating foreign capital and technology in India.
Hence Option A is correct.
Comments (0)
