CBSE · Class 10 · Social Science · Economics: Globalisation and the Indian EconomyRemoving barriers or restrictions set by the government is known as:
Step-by-Step Solution
Removing barriers or restrictions set by the government is known as liberalisation. With liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export.
Detailed Options Breakdown
Option : Liberalisation (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: Investment
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
Option 2: Favourable Trade
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
Option 3: Free Trade
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
💡 Study Guide: This question tests core syllabus concepts from Economics: Globalisation and the Indian Economy. For formulas, key summaries, and mock exam reference guides, read the full Economics: Globalisation and the Indian Economy Revision Notes.