Question

In order to generate adequate resources for public sector enterprises to sustain their growth, there had been an increasing demand for their ________.
(i) Liberalization
(ii) Privatization
(iii) Disinvestments
(iv) Globalization

• A. (i) Only
• B. (ii) Only
• C. (i) (ii) and (iii) only
• D. (i) ,(ii), (iii) and (iv)

Answer 1

The correct option is B (ii) Only

In order to generate adequate resources for public sector enterprises to sustain their growth, there had been an increasing demand for their privatization. Privatization can be defined as a process which includes transfer of ownership and management of the public enterprise to the private enterprises.