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Under 1991 reforms,the industrial licence was abolished except for ________ industries. ( Fill in the blank with correct alternative)
Liquor
Health, security and environment
Defence equipment.
All of the above
In the 1991 economic reforms, India made several changes to industrial licensing:
- Liquor: Industrial licensing was maintained for the production of alcoholic beverages to regulate its distribution and consumption.
- Health, Security, and Environment: Industries impacting health, critical security, and the environment required special attention and licensing to ensure public safety and environmental sustainability.
- Defence Equipment: The production of defence-related items was kept under licensing due to its critical nature for national security.
So, the Exception list was indeed inclusive of all the above categories.
Correct Answer: Option 4 - All of the above
By: santosh ProfileResourcesReport error
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