Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Industrial Licensing Abolition
After 1991 reforms, industrial licensing was abolished for almost all product categories EXCEPT:
- Textiles and garments
- Alcohol, cigarettes, hazardous chemicals, industrial explosives, electronics, aerospace and drugs — Correct Answer
- Steel and cement
- Automobiles and machinery
Explanation:
Correct Answer Explanation
Industrial licensing was abolished for almost all but a few categories: alcohol, cigarettes, hazardous chemicals, industrial explosives, electronics, aerospace, and drugs and pharmaceuticals.
Key Points:
- Industries now reserved for public sector: atomic energy generation and some core activities in railway transport.
- Many goods produced by small-scale industries have been dereserved.
- Market now determines prices in most industries.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
