Question:
Which one of the following best describes liberalisation?
Which one of the following best describes liberalisation?
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Liberalisation = Removal of restrictions. It allows businesses greater freedom and encourages domestic as well as international trade.
Updated On: Jul 28, 2026
- Protecting domestic industries
- Banning foreign companies
- Removal of restrictions on trade
- Restricting foreign investment
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The Correct Option is C
Solution and Explanation
Step 1: Understand the meaning of liberalisation.
Liberalisation refers to the process of reducing or removing government restrictions on trade, investment, and business activities. It encourages free competition and allows firms to operate with fewer controls.
Step 2: Analyse the options.
Options (A), (B), and (D) describe restrictive measures that limit trade or investment. These are opposite to the concept of liberalisation.
Step 3: Identify the correct option.
The removal of restrictions on trade is the correct description of liberalisation because it promotes free movement of goods, services, and investment.
\[ \boxed{\text{Correct Answer = (C) Removal of restrictions on trade}} \]
Liberalisation refers to the process of reducing or removing government restrictions on trade, investment, and business activities. It encourages free competition and allows firms to operate with fewer controls.
Step 2: Analyse the options.
Options (A), (B), and (D) describe restrictive measures that limit trade or investment. These are opposite to the concept of liberalisation.
Step 3: Identify the correct option.
The removal of restrictions on trade is the correct description of liberalisation because it promotes free movement of goods, services, and investment.
\[ \boxed{\text{Correct Answer = (C) Removal of restrictions on trade}} \]
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