Find the odd word out

1) New Economic Policy –
Liberalization, Privatization, Demonetization,
Globalisation
Ans:-Demonetization

2) Industries requiring compulsory licensing –
defence equipment, agro-based industries, cigarettes, industrial explosives
Ans:- agro-based industries

3) Navratna status companies –
SPCL, IOC, ONGC, HPCL
Ans:- SPCL

4) Liberalization dealt with the following –
MRTP, FERA, SEBI, NTPC
Ans:- NTPC