JKSSB Mock Tests

The "Licence Raj" in India during the mid-20th century referred to a system of:

A. Trade unions
B. Export incentives
C. Import restrictions
D. Industrial licensing
Answer: Option D
Solution (By JKSSB Mock Tests Team)
The 'Licence Raj' pejoratively refers to the elaborate, restrictive system of government licenses, regulations, and red tape that were strictly required to set up and operate private businesses in India prior to the 1991 reforms.
This Question Belongs to: General knowledge mcqs Economics set 2

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