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प्रश्न
Which of the following statements is true for the Indian government’s policy of liberalisation?
पर्याय
Private companies, especially foreign firms, are encouraged to invest in sectors earlier reserved for the government.
Foreign products are now easily available in Indian shops.
Indian companies have ensured that they work within national boundaries.
Licenses are no longer required to open industries.
MCQ
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उत्तर
Private companies, especially foreign firms, are encouraged to invest in sectors earlier reserved for the government.
Explanation:
- India's liberalization, which began in 1991, sought to open up the economy to private and foreign investment while reducing government control over industry.
- Previously under government control, industries like banking, insurance, telecommunications, aviation, and defence were made available to private and foreign companies.
- Better quality goods and services resulted from this action's enhanced competition and ability to draw in foreign direct investment (FDI).
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