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Question

_____ means movement towards a free market system.

A
Liberalisation
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B
Privatisation
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C
Globalisation
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D
Systemisation
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Solution

The correct option is B Liberalisation
The term Liberalisation means movement towards a free market system. It is also known as the withdrawal of regulation and restrictions of private sectors. Private sectors are encouraged to enter into core industries that are reserved for the public sector. It is one of the notable aspects of the economic reforms 1991 of India.

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