Home › CBSE Class 12 (Arts) › Economics › Indian Economic Development: Development Experience (1947-90) and Economic Reforms since 1991 › Which 1951 law began the licensing regulation of…
Which 1951 law began the licensing regulation of Indian industry?
AIndustries Regulation Act
BCompanies Control Act
CForeign Exchange Act
DBanking Control Act
Answer & Solution
Correct answer: A. Industries Regulation Act
The Industries (Development & Regulation) Act of 1951 imposed licensing restrictions on listed industries.
Related questions
In 1955 only one of 21 economists dissented from the Second Plan memorandum. Who?The First Five-Year Plan chiefly focused on which sector?What did India give London as collateral for the IMF bailout in 1991?Which body did the Modi government disband in 2014?From 1967, how many items were first reserved for small-scale units?Which 1969 law required large firms to get approval before expanding?Who coined the term Permit-Licence Raj?The Bombay Plan of 1944 called for state investment in what?