Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Export promotion is concerned with which of the following?

Options:

Liberalisation

Privatisation

Globalisation

None of the above

Correct Answer:

Globalisation

Explanation:

The correct answer is option 3- Globalisation.

Export promotion refers to efforts and strategies aimed at increasing a country's exports. This often happens as part of globalisation, which involves integrating a country’s economy with the global economy, including trade. Export promotion involves opening up markets and expanding trade internationally.

 

* Liberalisation and privatisation are related to reducing government controls and transferring ownership to the private sector, respectively, but are not directly concerned with export promotion.