Question

liberalisation does not include

(a) Removing trade barriers
(b) Liberal policies
(c) Introducting quota system
(d) Disinvestment​

Answer 1

Answer:

c) introducing quota system

Explanation:

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Answer 2

Liberalisation does not include Introducting quota system.

Option (c)

Explanation:

• Liberalisation refers to the state in which the government involvement is reduced/eliminated on private works.

• Because the quota system is a system which provides limitations on import

• It reduces tariffs, trade laws, and other trade barriers policies.

• The features of liberalisation includes opening of the production industry, new machines development, foreign investment, etc.,

• It relaxes the government rules and regulations.

• It increases the flow of capital between nations and also increases the competition in the market.

• The major disadvantages of liberalisation are the nation’s domestic unit extinct and for most of the works depend on foreign countries.

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