Topics: CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books

Permit License Raj

Question

The excessive regulation of industry was commonly called:

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Question (English)

The excessive regulation of industry was commonly called:

  1. Quota raj
  2. Permit license raj ✓ Correct
  3. Tax raj
  4. Inspector raj
Explanation:
Correct Answer Explanation

Excessive regulation was called the permit license raj.

Key Points:
  • Prevented firms from becoming more efficient.
  • Industrialists spent time obtaining licenses and lobbying rather than improving products.
  • Big industrialists got licenses to prevent competitors from starting new firms.

📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990

This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.

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