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1 mark

Which of the following is an explicit feature of globalisation?

  1. A
    Self-reliance
  2. B
    Restrictions on expansion of public sector
  3. C
    Liberalisation of import licensing
  4. D
    Disinvestment

Solution & Step-by-step Explanation

Globalisation involves integrating the domestic economy with the world economy. One of its key structural facilitators is the liberalisation of import licensing, reducing tariff barriers, and promoting free cross-border trade flows.

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Which of the following is an explicit feature of globalisation?
A
Self-reliance
B
Restrictions on expansion of public sector
C
Liberalisation of import licensing
D
Disinvestment

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Indian EconomyEconomic ReformsGlobalisation

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