The term “economic liberalization” mainly refers to:

CA Foundation · Business Economics · MTP · September 2026
The term “economic liberalization” mainly refers to:
(A) A. government monopoly in industries
(B) B. removal of regulatory restrictions
(C) C. expansion of licensing
(D) D. increase in tariffs

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. removal of regulatory restrictions

Topics: Indian Economy

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