New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    _____________ refers to relaxation of previous

    government restrictions in the areas of social and economic policies.
    A Globalisation Correct Answer Incorrect Answer
    B Dis-investment Correct Answer Incorrect Answer
    C Liberalisation Correct Answer Incorrect Answer
    D Privatisation Correct Answer Incorrect Answer

    Solution

    Liberalization involves reducing government controls and regulations, often to promote private sector participation and economic growth. This can include measures like reducing tariffs, removing quotas, and encouraging foreign direct investment. 

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