McqMate
| Q. |
Disinvestment in Public Sector is called |
| A. | Liberalisation |
| B. | Globalisation |
| C. | Industrialisation |
| D. | Privatisation |
| Answer» D. Privatisation | |
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Explanation: Privatization is the process of transferring ownership of a business, enterprise, agency, public service or public property from the public sector (a government) to the privatesector, either to a business that operates for a profit or to a non-profit organization. The term can also mean government outsourcing of services or functions to private firms, e.g. revenue collection, law enforcement, and prison management. |
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