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Question : Which of the following policy measures is a step towards liberalisation?

Option 1: Enhancing tariffs

Option 2: Eliminating licenses for importing a majority of goods

Option 3: Imposing limits on capital accumulation

Option 4: Increasing requirements for bank reserves and restrictions on interest rates


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Eliminating licenses for importing a majority of goods


Solution : The correct answer is Eliminating licences for importing a majority of goods.

Liberalisation Is typically used in the context of a government relaxing its previously imposed restrictions on economic or social policies. Eliminating licences for importing a majority of goods is one of the steps towards liberalisation, and the essential feature of liberalisation is relaxing the approval of FDI in various sectors.

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