Which of the following is a feature of globalisation?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Liberalisation of import licensing.
Liberalisation of import licensing is a feature of globalization. It involves reducing or eliminating restrictions on importing goods and services, which facilitates greater international trade and economic integration. This process allows countries to access a wider range of products and services from around the world, promoting competition and efficiency. The other options—restrictions on public sector expansion, disinvestment, and self-reliance—are related to specific economic policies but are not direct features of globalization.