BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following deals with the process of simplification of Import Export?
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Liberalization
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Privatization
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Liberalization and Privatization
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Globalization
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Explanation:
Detailed explanation-1: -Simplification of Trade Restrictions relating to Imports and Exports falls under Privatisation or Globalisation.
Detailed explanation-2: -Tax Reforms / Fiscal Reforms. Foreign Exchange Reforms / External Sector Reforms. Industrial Sector Reforms.
Detailed explanation-3: -Liberalisation is the process of relaxation of trade rules and regulations of a country by the government which paves the way for economic growth and development. Example: Economic liberalisation in India during 1991.
Detailed explanation-4: -EXIM Policy: Indian Foreign Trade Policy | Import and Export Policy.
There is 1 question to complete.