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Which of the following reforms introduced in 1991 removed the requirement of industrial licensing for most manufacturing activities?

easy MCQ 1 mark Class 12 · Economics · Economic Reforms Since 1991
  1. A. Liberalisation of the service sector
  2. B. De-licensing of manufacturing
  3. C. Deregulation of the banking sector
  4. D. Privatization of public enterprises
Answer
B. De-licensing of manufacturing

The correct answer is B. De-licensing of manufacturing — Select option B.

Step-by-step solution

  1. Identify the policy area being asked: industrial licensing for manufacturing.
  2. Recall that the 1991 reforms de‑licensed manufacturing activities.
  3. Match the correct option that refers to de‑licensing.
  4. Select option B.
Common mistake: Confusing de‑licensing with privatization

Concept tested: Removal of industrial licensing

Published · How this solution was prepared and checked

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