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    Question

    In India, which of the following regulatory mechanisms

    was NOT in existence to enforce regulation of the industrial sector?
    A Industrial licensing under which every entrepreneur had to get permission from government officials to start a firm, close a firm or decide the amount of goods that could be produced. Correct Answer Incorrect Answer
    B Controls on price fixation and distribution of selected industrial products. Correct Answer Incorrect Answer
    C Private sector was allowed in all industries. Correct Answer Incorrect Answer
    D Some goods could be produced only in small-scale industries. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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