After 1991, industrial licensing was abolished for almost all industries except a few like alcohol, cigarettes and:
AHazardous chemicals
BCotton textile mills
CWooden toy making
DSteel furniture units
Answer & Solution
Correct answer: A. Hazardous chemicals
1. A short list still needs licences.
2. It covers products with safety or health risks.
3. Hazardous chemicals are on it.
_Source: syllabus Economics, Indian Economic Development, Chapter 3, Liberalisation, Privatisation and Globalisation._
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