Privatisation means

the government taking over private firms and banksCorrect answerYour answercutting tariffs on imported goodsCorrect answerYour answerremoving the need for industrial licencesCorrect answerYour answerending state ownership or management of firmsCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

The government withdraws from owning or managing public sector firms, or sells them outright.

Worth noting

The government taking over private firms is nationalisation, the opposite.

Concept: Privatisation
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsPrivatisation and disinvestment

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Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

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Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

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Privatisation means

Explanation