GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Removing Barriers or restrictions from foreign trade is called Privatization of foreign Trade.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Removing barriers or restrictions set by the government is known as liberalization.
Detailed explanation-2: -Removing barriers or restrictions set by the government is known as Liberalisation.
Detailed explanation-3: -The removing barriers or restrictions set by the government is called liberalization.
Detailed explanation-4: -The Indian Government removed these barriers because: Liberalization of trade and investment policies allows Indian producers to compete with producers around the globe leading to an improvement in performance and quality of products.
There is 1 question to complete.