Home › CBSE Class 12 (Commerce) › Business Studies › Business Environment › The 1991 reforms signalled the end of which syst…
The 1991 reforms signalled the end of which system?
AZamindari land system
BPanchayati raj system
CBarter trade system
DLicence and quota raj
Answer & Solution
Correct answer: D. Licence and quota raj
Liberalisation freed industry from controls and ended the licence-permit-quota raj.
Related questions
What did the MRTP Act amendment do for large companies?The World Bank Structural Adjustment Loan of April 1992 was worth:Which scheme of October 1991 mobilised over $2 billion from funds held abroad?The LERMS of 1991 set up which exchange rate arrangement?Import entitlements linked to export earnings were called:How many areas reserved for the public sector were opened to private firms?About what share of industries was delicensed in the early reforms?Which environmental change may make existing products obsolete?