Economics · Economic Reforms in India
Which of the following statements correctly distinguishes privatization from other economic reforms introduced in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It promotes centralized economic planning
- 2It restricts foreign direct investment
- 3It refers to transfer of ownership and management from public to private sector✓
- 4It involves increasing subsidies to public sector enterprises
Correct answer
It refers to transfer of ownership and management from public to private sector
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