UPSC One
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2013 · Q99

99. In India, the price of petroleum products has been deregulated mainly to :

General KnowledgeEconomics
  1. AReduce the burden of subsidies given to the oil companies
  2. BDiscourage the exploration of oil reserves in the country
  3. CDiscourage the demand for private vehicles
  4. DCurbs the use of black money in the economy

Explanation

Deregulation aimed to cut the subsidy burden on oil companies; the official key marks A.