An essential pre-requisite for a successful privatisation is _______.

Globalisation

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Nationalisation

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Liberalisation

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All the above

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Solution

The correct option is B Liberalisation
An essential pre-requisite for successful privatization is liberalization. Liberalization refers to end of license, quota and many more restrictions and controls which were put on industries before 1991. Liberalization is of utmost importance in order to give greater role to private sector of the economy. Hence, option (C) is the correct answer

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