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Question : The 'License Raj' in India refers to:

Option 1: The system of obtaining licenses for industrial activities

Option 2: The system of licensing journalists

Option 3: The system of licensing foreign tourists

Option 4: The system of obtaining licenses for agricultural activities


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Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: The system of obtaining licenses for industrial activities


Solution : The correct answer is (a) The system of obtaining licenses for industrial activities

The 'License Raj' in India refers to the system of obtaining licenses for industrial activities. During the period of economic regulation and control in India, which lasted from the 1950s to the 1990s, the government implemented a complex system of licenses and permits for industrial activities. This system involved extensive government intervention and control over the private sector, including regulations on investment, production, pricing, and capacity expansion. The 'License Raj' created a bureaucratic and restrictive environment for businesses, leading to inefficiencies and hindering economic growth.

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