📝 Multiple Choice Question
Economics
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
Explanation
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.
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