Correct option is B
The correct answer is (B) Abolishing licensing requirement in most industries.
- Abolishing licensing requirements in most industries is a method that can be used for liberalization:
Explanation:
- Liberalization is the process of removing government restrictions and controls on businesses.
- Abolishing licensing requirements is one way to achieve this.
- For example, in India, most industries are now exempt from needing a license, and instead only need to file an Industrial Entrepreneur Memorandum.