Liberalisation refers to the process of reducing government controls and restrictions on economic activities, allowing for greater freedom and flexibility in trade and industry.
The process of removal or relaxation of Governmental restrictions in all stages in Industry is known as
Asked in TNPSC CS Prelims 2019 · Topic: Industrial Sector (Impact of Economic Reforms and Liberalization on Indian Industry)
More Economic Development questions
- Which of the following measures have been taken to attain the aims of the new industrial policy? (1) Industrial Licensing (2) Foreign Investment (3) Foreign trade Policy (4) Public sector management
- The 'Insolvency and Bankruptcy Code' was introduced to facilitate the resolution of insolvency cases and to improve the ease of doing business in India. In which year was it enacted?
- In which year did the Monopolistic and Restrictive Trade Practices Act become effective ?
- Some time back, the Government of India, decided to delicense ‘white goods’ industry. ‘White goods’ include
- The number of industries for which industrial licensing is required has now been reduced to
- Privatisation policy under the structural reform does not imply this:
- Which of the following has registered a high rate of growth since the 1980s?
- Abolition of industrial licensing refers to