SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Removing barriers or restrictions set by the government is called
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Liberalization
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Globalisation
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Privatisation
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Nationalism
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Explanation:
Detailed explanation-1: -The removing barriers or restrictions set by the government is called liberalization. Liberalization occurs when something which used to be banned is no longer banned, or when government regulations are relaxed.
Detailed explanation-2: -Trade liberalization is the removal or reduction of restrictions or barriers on the free exchange of goods between nations. These barriers include tariffs, such as duties and surcharges, and nontariff barriers, such as licensing rules and quotas.
Detailed explanation-3: -Removing barriers or restrictions set by the government is known as liberalization.
There is 1 question to complete.