The term disinvestment is related to :

Privatisation

The correct answer is option (3)- Privatisation.

The term "disinvestment" is related to Privatisation.

Disinvestment refers to the sale or transfer of government-owned or public-sector assets, including shares in state-owned enterprises, to private individuals or entities. This process is a component of privatization, where the government reduces its ownership or control over certain industries or businesses.

Privatisation: The new set of economic reforms aimed at giving greater role to the private sector in the nation building process and a reduced role to the public sector. This was a reversal of the development strategy pursued so far by Indian planners. To achieve this, the government redefined the role of the public sector in the New Industrial Policy of 1991, adopted the policy of planned disinvestment of the public sector and decided to refer the loss making and sick enterprises to the Board of Industrial and Financial Reconstruction.