Question

Regulation & control over private sector involved _______.

• A. industrial licensing & MRTP Act
• B. high taxation, price & distribution controls
• C. foreign exchange controls
• D. all of the above

Answer 1

The correct option is D all of the above

Regulation and control over private sector involved industrial licensing & MRTP Act, high taxation, price & distribution controls and foreign exchange controls since new economic policy of 1991 introduced privatization. Privatization includes ownership, organizational and operational measures.

It refers to the process of transferring or sale of the public ownership to private ownership. It is normally opposed by trade unions, government employees in public sector and communist and socialist parties.