Indian Economic Development: Liberalisation, Privatisation and Globalisation – An Appraisal · Class 12 · CBSE · Commerce Economics
Which policy measure is most directly associated with liberalisation introduced in India in 1991?
Practice question from Indian Economic Development: Liberalisation, Privatisation and Globalisation – An Appraisal (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
easy · MCQ · Q-E947BA
Which policy measure is most directly associated with liberalisation introduced in India in 1991?
- A.Removal of unnecessary industrial licensing and controlsCorrect answer
- B.Complete closure of public sector enterprises
- C.Prohibition of foreign investment
- D.Replacement of markets by central planning
Solution
Liberalisation refers to reducing government restrictions and controls on economic activities. The 1991 reforms removed or relaxed industrial licensing and other regulatory barriers.
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