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Question

Which of the following methods can be used for liberalisation?

The correct answer is

Abolishing licensing requirement in most industries

Abolishing licensing requirements in most industries is a method used for liberalization.

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Important Questions from Economic and Financial Affairs

  1. As per Deloitte, how much will AI in healthcare boost India's GDP by 2025?
  2. Tariff reforms were central to the liberalisation of trade. What happened to import tariffs after 1991?
  3. Privatisation under the 1991 reforms primarily involved:
  4. Which of the following sectors was the primary focus of India's First Five-Year Plan (1951-56)?
  5. Rapid industrialisation was a hallmark of India's early planning efforts. Which Five-Year Plan laid the foundation for India's public sector steel plants?
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