Correct Answer: Media and entertainment

Solution : The correct answer is (b) Media and entertainment

The liberalization measures implemented in 1991 aimed to attract foreign investment and encourage economic growth. As part of these reforms, restrictions on foreign investment in various sectors, including media and entertainment, were relaxed. This allowed for increased foreign participation and investment in areas such as television, film production, broadcasting, print media, and other related segments.

The opening up of the media and entertainment sector to foreign investment brought in new technologies, expertise, and capital, leading to the expansion and diversification of the industry. It facilitated the growth of the Indian media landscape and contributed to its global reach and influence.