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Drastically reducing the role of the public sector is called:

APrivatisation
BLiberalisation
CGlobalisation
DRegulation
Answer & Solution
Correct answer: A. Privatisation
1. Loss-making PSUs went to the BIFR. 2. This is privatisation. 3. Disinvestment dilutes government stake. _Source: syllabus Business Studies, Chapter 3, Business Environment._
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