Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:
What is the primary goal of liberalization, privatization, and globalization in the NEP?
Options:
Decreasing government control in the economy
Promoting domestic industries over foreign competition
Removing barriers to entry and growth of firms
Decreasing the public sector's role in the economy
Correct Answer:
Removing barriers to entry and growth of firms
Explanation:
Removing barriers to entry and growth of firms is the most appropriate answer. Option 1 and option 3 were part of the measures to achieve that goal.