Question

Earlier, only a few mobile phone manufacturers were operating in India. But now the number of such manufacturers has increased.

What could be the possible reason for such a change? Choose the appropriate option.

• A. Introduction of liberalisation, privatisation, and globalisation policies
• B. Imposition of heavy taxes on imports
• C. Introduction of licence system
• D. Restriction on flow of labour, capital, goods, and services.

Answer 1

The correct option is A Introduction of liberalisation, privatisation, and globalisation policies

Because of the introduction of the New Economic Policies, the Indian market was thrown open to many private players. Companies from across the world invested in India. Therefore, the variety of goods available in India has also been increasing day by day with the entry of new companies.