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.
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.
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 _____.
Question : Fill in the blanks- Under new economic policy, free flow of information and technology free flow of capital flow across nations is a part of ____.
Question : Fill in the blanks- _________ means removal of entry and growth restrictions on the private sector.
Question : Fill in the blanks- Tax concessions is a part of ________.
Question : Fill in the blanks- _________ Involves the regulating and reduction of government control and greater autonomy to make economy more competitive.
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