Question:
Removal of unnecessary controls and restrictions imposed by the government is called:
Removal of unnecessary controls and restrictions imposed by the government is called:
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1991 reforms = {L}iberalization, {P}rivatization, {G}lobalization (LPG).
Updated On: Oct 19, 2025
- Privatization
- Liberalization
- Globalization
- None of these
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The Correct Option is B
Solution and Explanation
Liberalization reduces state regulations to allow freer markets. Privatization transfers ownership to private firms; globalization means increasing international integration.
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