Question

Liberalisation means
(a) Integration among economies
(b) Reduced government controls and restrictions
(c) Policy of planned disinvestments
(d) none of them

Answer 1

SOLUTION :  

Liberalisation means Reduced government controls and restrictions.

Among the Given options option  (b) Reduced government controls and restrictions is the correct answer.  

Liberalization means freedom of business and industry from the unnecessary control and restrictions of the government , particularly licensing and quotas.

Some Reforms introduced under liberalisation were :  

• Abolishing licensing in most of the industries.

• Freedom in deciding the scale of business.

• Reduction in tax rates and unnecessary controls.

• Dereservation of public sector enterprises.

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Answer 2

Hey!

Liberalisation means

b) Reduced government controls and restrictions.

It is a policy used to by government to remove or reduce the barriers on the trade.

Cheers!