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Removing restrictions set by the government on trade and investment is known as:

ALiberalisation
BGlobalisation
CPrivatisation
DNationalisation
Answer & Solution
Correct answer: A. Liberalisation
1. It began around 1991 in India. 2. This is liberalisation. 3. Businesses decide freely what to import or export. _Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._
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