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      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. Correct Answer Incorrect Answer
      B Controls on price fixation and distribution of selected industrial products. Correct Answer Incorrect Answer
      C Private sector was allowed in all industries. Correct Answer Incorrect Answer
      D Some goods could be produced only in small-scale industries. Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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