Advertisements
Advertisements
प्रश्न
Which one of the following best describes liberalisation?
पर्याय
Protecting domestic industries
Banning foreign companies
Removal of restrictions on trade
Restricting foreign investment
MCQ
Advertisements
उत्तर
Removal of restrictions on trade
Explanation:
Liberalisation is the government’s decision to decrease or eliminate barriers to international commerce and investment, such as licensing and quotas. This process allows enterprises to make their own import and export decisions, hence encouraging a more open economy.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
