NCERT · Class 11 · Economics · Liberalisation, Privatisation and GlobalisationPrivatisation implies:
Step-by-Step Solution
Privatisation implies the transfer of ownership, management, and control of public sector enterprises to the private sector.
Detailed Options Breakdown
Option : Transfer of public sector enterprises to private hands (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: Transfer of private enterprises to the government
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 2: Nationalisation of private banks
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 3: Closure of all industries
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
💡 Study Guide: This question tests core syllabus concepts from Liberalisation, Privatisation and Globalisation. For formulas, key summaries, and mock exam reference guides, read the full Liberalisation, Privatisation and Globalisation Revision Notes.