Liberalisation means:

Integration among economies

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Reduced government controls and restrictions

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Policy of planned disinvestment

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None of them

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Solution

The correct option is B Reduced government controls and restrictions
Liberalization means relaxation of various government restrictions in the areas of social and economic policies. Liberalizing trade policy by the government that is removal of tariff, subsidies and other restrictions on the flow of goods and services between countries is also termed as liberalization.

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Similar questions

Liberalisation means

(a) Integration among the economies

(b) Reduced government controls and restrictions

(d) None of them

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Identify the various dimensions of business environment and explain their effect on business.

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