Question

Choose the correct option to fill the blank.
Removing barriers or restrictions on business and trade set by the government is called as _____.

• A. Disinvestment
• B. Special Economic Zones
• C. Liberalisation
• D. Foreign Direct Investment

Answer 1

The Correct Option is C

Liberalisation refers to the process of removing restrictions or barriers on business and trade imposed by the government. This policy is implemented to encourage private enterprise and attract foreign investment, leading to economic growth.
- Disinvestment: Selling public sector enterprises to private entities.
- Special Economic Zones: Designated areas with special economic regulations.
- Foreign Direct Investment (FDI): Investment by foreign entities in domestic businesses.