New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    After the abolition of industrial licensing in India in

    1991, ____________ is one of the few industries for which it is mandatory to obtain an industrial license.
    A Leather Correct Answer Incorrect Answer
    B Beverages Correct Answer Incorrect Answer
    C Alcohol Correct Answer Incorrect Answer
    D Vegetable and Food Processing Correct Answer Incorrect Answer

    Solution

    In the 1991 policy, except for 18 maior industries, all other industries were exempted from licensing, which reduced the number of industries to 5 due to the need for licensing. Industries for which a license is now mandatory • distillation of alcoholic beverages • Cigar cigarettes of tobacco and other alternatives to regulated tobacco • Electronic Aerospace & Security Equipment • Industrial Explosives - Industrial explosives including detonative fuses, safety fuses, gun-powder, nitrocellulose and matches • Hazardous Chemicals

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