________ is the result of New Industrial Policy which abolished the 'License System'.

(a)

Globalisation

(b)

Privatisation

(c)

Liberalisation

(d)

None of these

________ means permitting the private sector to setup industries which were previously reserved for public sector.

(a)

Liberalisation

(b)

Privatisation

(c)

Globalisation

(d)

Public Enterprise

_________ ownership makes bold management decisions due to their strong foundation in the international level.

(a)

Private

(b)

Public

(c)

Corporate

(d)

MNC's

_______ results from the removal of barriers between national economies to encourage the flow of goods, services, capital and labour.

(a)

Privatisation

(b)

Liberalisation

(c)

Globalisation

(d)

Foreign Trade

New Economic Policy was introduced in the year___________.

(a)

1980

(b)

1991

(c)

2013

(d)

2015