Question : Name the process under which reduction in tax rates and lifting of unnecessary control over the economy was undertaken?
Option 1: Globalisation
Option 2: Liberalisation
Option 3: Privatisation
Option 4: All of the above
Correct Answer: Liberalisation
Solution : Liberalisation refers to removal of restriction and strict rules i.e. giving more freedom to trade and industry. Hence, option 2 is the correct answer.
Question : Name the term/process which means integrating the economy with the rest of the world?
Question : Fill in the blanks- _________ Involves the regulating and reduction of government control and greater autonomy to make economy more competitive.
Question : Fill in the blanks- ________ means Integrating the national economy with the world economy.
Question : Which of the following deals with the process of simplification of import - export?
Question : Export promotion is concerned with:-
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