The structural reforms of 1991, introduced liberalisation, privatisation and globalisation. According to you, which of the following statements is NOT a part of liberalisation policy of the government?

• Outsourcing is an important outcome of the liberalisation process undertaken by the government.
• Deregulation of the industrial sector increased efficiency in the economy.
• Role of RBI was reduced from regulator to facilitator of financial sector.
• It helped in shedding of the ownership of government.

1 and 4

The correct answer is Option 4: 1 and 4

Explanation:

1. Outsourcing: While outsourcing can be an outcome of liberalisation, it is more closely related to globalisation rather than liberalisation itself.

2. Disinvestment: Disinvestment, which involves selling off government-owned enterprises, is more closely associated with privatisation rather than liberalisation.