Liberalised Trade Policies to Promote Globalisation
Removing barr...
Question
Removing barriers or restrictions set by the government is known as .
A
globalisation
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B
privatisation
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C
liberalisation
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D
commercialisation
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Solution
The correct option is C liberalisation In 1991, the Government of India introduced the New Economic Policy. Under this policy, the government removed barriers to foreign trade and foreign investment. This is known as liberalisation.