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
Answer (1)
24th Jan, 2024
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.
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