Question
In 1970 Pakistan Introduced nationalisation of Capital Good industries, but later due to international pressure they shifted the policy to.
This question was previously asked in
Shift 29/05/2023 3:30 PM - 6:30 PM
A
De marketisation
B
Denationalisation
C
Derecognition
D
Deforming
Correct Answer
Denationalisation
Detailed Explanation
The correct option is (2)
In 1970, Pakistan introduced the nationalisation of capital goods industries, but later, due to various reasons, including international pressure, they shifted the policy to:
Denationalisation
Denationalisation is the process of transferring ownership and control of previously nationalised or state-owned industries and assets back to the private sector. It essentially means returning these industries to private ownership and management. This is often done to promote economic liberalisation and reduce the role of the government in the economy.
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