Prior to liberalisation ___________ of the most important industries were exclusively reserved for the public sector.

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Solution

The correct option is D 17
Prior to liberalization, a number of public sector industries which were earlier reserved under governmental control reduced from 17 to 8 in the count. Presently these companies are only 3 in number. Liberalization refers to end of license, quota and many more restrictions and controls which were put on industries before 1991.
Hence, option (D) is the correct answer.

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(ii) Privatisation
(iii) Globalisation

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(ii) Financial Sector Reforms
(iii) Tax Reforms
(iv) Foreign Exchange Reforms
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