Q1. [1] § Liberalisation of foreign trade and foreign investment policy § WORLD TRADE ORGANISATION
⚠ Globalisation and the Indian Economy › WORLD TRADE ORGANISATION — Internal project only — not in the Board exam (per CBSE 2026-27 curriculum)
Only 'What is Globalisation?' and 'Factors that have enabled Globalisation' are in the Board exam; the remaining sub-topics are the internally-assessed interdisciplinary project. [source: Course Structure — Economics, Chapter 4 (Subtopics evaluated in Board)]The removal of barriers on foreign trade and investment by the Indian government has been called as :
- (A) Industrialisation
- (B) Nationalisation
- (C) Privatisation
- (D) Liberalisation
Previously asked in CBSE board exam
2026 32/4/1 Q32
Generated by claude-sonnet-4-6 · 2026-06-15 06:56 · grounding rag
Model Answer
(D) Liberalisation
Removing barriers or restrictions on foreign trade and foreign investment set by the government is known as liberalisation.
Source: Chapter 4, Liberalisation of foreign trade and foreign investment policy
---
Explanation
The passage explicitly states: "Removing barriers or restrictions set by the government is what is known as liberalisation." Examiners expect you to identify the correct term and may award the mark only for option (D). Writing the definition is optional but shows clarity.
If a question refers to an image, map, graph or diagram that is not shown here, find the actual CBSE question paper on the CBSE website:
cbse.gov.in.