Practicing Success

Target Exam

CUET

Subject

Sociology

Chapter

Social Change and Development in India: Change and Development in industrial Society

Question:
Industrialization leads to greater equality, at least in some spheres. For example, caste distinctions do not matter anymore on trains, buses, or in cyber cafes. On the other hand, older forms of discrimination may persist even in a new factory or workplace setting. And even as social inequalities are reducing, economic or income inequality is growing in the world. Often social inequality and income inequality overlap, for example, in the domination of upper-caste men in well-paying professions like medicine, law, or journalism. Women often get paid less than men for similar work.
From the 1990s Indian governments allow private companies, including foreign countries, to invest in sectors that were reserved for the government in the earlier times. This is known as ___________?
Options:
Liberalization of the economy.
The marketization of the economy.
Commercialization of the economy.
All of the above.
Correct Answer:
Liberalization of the economy.
Explanation:
Inviting private companies, including foreign countries, to invest in sectors that were reserved for the government in the earlier times is called liberalization of the economy.