Railways Sample Paper RRBs Assistant Loco Pilot and Technician CBT STAGE-I Sample Paper-28

  • question_answer
    Economic liberalisation in India started with

    A)  substantial changes in Industrial licensing policy

    B)  the convertibility of Indian Rupee

    C)  doing away with procedural formalities for foreign direct investment

    D)  significant reduction in tax rates

    Correct Answer: A

    Solution :

    The economic Liberalisation in .India-refers to the economic liberalisaitonr-initiated in 1991, of the country's economic policies, with the goal of making the economy more market and service-oriented and expanding the role of private and foreign investment.

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