Removing barriers or restrictions set by the government is known as:

(A) Privatisation

(B) Liberalisation

(C) Globalisation

(B) Industrialisation

 

Answer: 

So, the correct answer is (B): Liberalization 

Explanation 

  • (A) Privatization - transfer of government ownership and control to private investors.
  • (B)  Liberalization - Removal of trade barriers or restrictions set up by the Government.
  • (C) Globalization - the process of rapid integration or interconnection between countries .  
  • (D) Industrialization - Process of transforming the economy from agrarian to manufacturing by setting up manufacturing/ industrial units.
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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.