Question : Which of the following policy measures is not a step towards liberalisation?
Option 1: Increase in equity limit of foreign investment
Option 2: Enhancement in tariffs
Option 3: Removal of industrial licensing for certain industries
Option 4: Removal of the requirement of registration for certain industries
Correct Answer: Enhancement in tariffs
Solution : The correct option is Enhancement in tariffs .
Enhancement in tariffs is generally not a step towards liberalisation; in fact, it is a measure that moves away from liberalisation. Liberalisation typically involves reducing or eliminating trade barriers, including tariffs. Tariffs are taxes imposed on imported goods, and increasing them goes against the principles of free trade and economic liberalisation, as it can hinder international trade and limit market access.
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