Question : Government of India is seriously thinking to empower all of its oil marketing public sector undertaking to fix their own price for petrol and diesel? Name the economic reforms related to this decision of government?
Option 1: Liberalisation
Option 2: Privatisation
Option 3: Globalisation
Option 4: None of the above
Correct Answer: Liberalisation
Solution : Liberalisation means removal of restriction, licencing, etc. and simplifying prodcedures. Reduction in tariff, tax structure and giving more freedom. In the above case, Government of India is seriously thinking to all oil marketing public sector undertaking to fix their own price for petrol and diesel. This highlight the aspect of liberalisation. Hence, option 1 is the correct answer.
College Comparison based on Courses, Placement, Rank, Fee
Question : Which organization is responsible for the marketing and export of agricultural products from India?
Question : Which institution is responsible for the promotion and development of agricultural marketing cooperatives in India?
Question : The National Agricultural Cooperative Marketing Federation of India (NAFED) is involved in the marketing of:
Question : Which among the following is an apex institution in the sphere of agriculture credit in India?
Question : Which of the given statements concerning the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is correct?
i. NAFED is registered under the Multi-State Co-operative Societies Act.
ii. It was set up to promote Cooperative marketing of
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile