Question

In India, which of the following regulatory mechanisms

was NOT in existence to enforce regulation of the industrial sector?

A Industrial licensing under which every entrepreneur had to get permission from government officials to start a firm, close a firm or decide the amount of goods that could be produced.

B Controls on price fixation and distribution of selected industrial products.

C Private sector was allowed in all industries.

D Some goods could be produced only in small-scale industries.

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In India, which of the following regulatory mechanisms

Solution