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Globalisation and Social Change — Sociology STD 12 Humanities — Question

CBSE BoardEnglish MediumSTD 12 HumanitiesSociologyGlobalisation and Social Change2 Marks
Question
Liberalization refers to _________.
✓

Answer

Liberalisation refers to -
A range of policy decisions that the Indian State took to open up the Indian Economy to the World market.
Alternate Answer
Liberalisation refers to -
The removal of the rules that regulated Indian trade and finance regulation.

Alternate Answer
Privatisation of public sector enterprises, loosening of government regulations, reduction in tariff and import duties and allowing easier access for foreign companies to set up industries in India.

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