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The process of removing barriers on foreign trade and investment by the government is known as ______.

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Question

The process of removing barriers on foreign trade and investment by the government is known as ______.

Options

  • Import Tax

  • Export Tax

  • Liberalisation

  • Industrialisation

MCQ
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Solution

The process of removing barriers on foreign trade and investment by the government is known as liberalisation.

Explanation:

Liberalisation involves the removal or reduction of restrictions imposed by a country’s government on various economic activities such as foreign commerce and investment.

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2024-2025 (March) 32/3/1
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