______ refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprises.

Globalization

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Privatization

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Liberalization

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All of above

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Solution

The correct option is C Liberalization
Liberalization refers to end of licence, quota and many more restrictions and control that were put on many industries. The term basically refers to opening of the economy to the world and providing freedom to the departmental and public sector undertakings to access capital market in order to achieve international competitiveness.

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Similar questions

Q. The process of eliminating unnecessary controls and restrictions on the smooth functioning of a business enterprise is known as ________.

Q. Match the following:

List I	List II
(P) Process of eliminating unnecessary controls for smooth functioning of business enterprises	1. Globalization
(Q) Transfer of ownership of an enterprise from the public sector to the private sector	2. Liberalization
(R) Cross border transactions in goods and services and international capital flows	3. Privatization
	4. Demonetization

Q. Match the following:

List I	List II
(P) Process of eliminating unnecessary control for smooth functioning of business enterprises	1. Globalization
(Q) Transfer of ownership of an enterprise from the public sector to the private sector	2. Liberalization
(R) Cross border transactions in goods and services and international capital follows.	3. Privatization
	4. Demonetization

An organisation structure is important for a smooth flow of communication and better control over the operations of a business enterprise. State true or false.

Q. The concept of _____ restricts the amount of money a person risks to what he invests in a business enterprise.

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