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Which of the following statements correctly describes the process of privatisation?

AThe privatisation process involves transferring a company to a non-profit organisation

BThe privatisation process involves outsourcing services to other companies

CThe privatisation process involves selling off a few public sector units to the private sector

DNone of the above

Answer:

C. The privatisation process involves selling off a few public sector units to the private sector

Read Explanation:

  • The privatistaion process involves selling off a few public sector units to the private private sector.


Related Questions:

What characterized the Indian economy before the LPG reforms?

  1. A predominantly closed economic system with limited international trade
  2. A state-dominated economic landscape with a centralized planning approach
  3. A highly protectionist economic environment with extensive industrial licensing and regulation
  4. A tightly controlled currency regime with stringent restrictions on convertibility
    Which one of the following is not a feature of privatisation?
    ഇന്ത്യയില്‍ പുത്തൻ സാമ്പത്തിക നയം നടപ്പിലാക്കിയ വര്‍ഷം?
    What is a major challenge faced by India's economy post-liberalization?

    What are the features of new economic policy?.Choose the correct statement/s from the following :

    i.Private entrepreneurs are discouraged.

    ii.Attracting foreign investors.

    iii.Flow of goods, services and technology.

    iv.A wide variety of products are available in the markets.