Question

Identify the correct statement from the following:
(i) Export duties were imposed in order to improve the competitiveness of Indian goods in the international market.
(ii) Privatisation of public-sector enterprises through the sale of a portion of their equity to the public. This is known as disinvestment.
(iii) Privatisation is the outcome of the policies of liberalisation and globalisation.
(iv) Globalisation resulted in greater access to the domestic market.

[0.80 marks]

• A. i
• B. ii
• C. iii
• D. iv

Answer 1

The correct option is B ii

The transfer of ownership, management, and control of public sector enterprises to the entrepreneurs in the private sector is known as privatisation.