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Industrial Liberalisation

The governmen...

Question

The government decides to sell 100% of Indian Oil Corporation to Reliance Industries. What is the nature of this policy?

A

Liberalisation

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B

Privatisation

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C

Globalisation

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D

None of the above

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Solution

The correct option is B
Privatisation

This is an example of disinvestment, thus it is a privatisation reform.

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