Question : Which of the following deals with the process of simplification of import - export?
Option 1: Liberalisation
Option 2: Privatisation
Option 3: Globalisation
Option 4: None of the above
Correct Answer: Liberalisation
Solution : Liberalisation refers to end of licence, quota and many more restrictions and controls which were put on industries. Indian companies got liberalisation in the following ways: 1. Abolition of licence except in few. 2. No restriction on expansion or contraction of business activities 3. Liberalisation in import and export. Hence, option 1 is the correct answer.
Question : Export promotion is concerned with:-
Question : Name the term/process which means integrating the economy with the rest of the world?
Question : Reducing the role of public sector and increasing the role of private sector fall under-
Question : Fill in the blanks- ________ means Integrating the national economy with the world economy.
Question : Name the process under which reduction in tax rates and lifting of unnecessary control over the economy was undertaken?
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