Which of the following is not a part of changes in industrial sector post 1991 reform 1 Industrial l...........

Which of the following is not a part of changes in industrial sector post 1991 reform?

1. Industrial licensing under which every entrepreneur had to get permission from government officials to start a firm was abolished except in some sector.

2. Private sector was allowed in many industries.

3. Some goods could be produced only in small scale industries.

4. Controls on price fixation and distribution of selected industrial products.

1, 3 and 4

1, 2, 3 and 4

1 and 4

3 and 4

Explanation:

Other than 2 others are the part of pre1991 policies. The reform policies introduced in and after 1991 removed many of these restrictions. Industrial licensing was abolished for almost all but product categories — alcohol, cigarettes, hazardous chemicals industrial explosives, electronics, aerospace and drugs and pharmaceuticals. The only industries which are now reserved for the public sector are atomic energy generation and railway transport. Many goods produced by small scale industries have now been dereserved. In many industries, the market has been allowed to determine the prices.