GK Question

history medium mcq

The 'License Raj' in India referred to:

  1. British colonial administration
  2. Extensive government control over industry
  3. Land revenue system
  4. Foreign trade policy

Answer: Extensive government control over industry

The License Raj (1947-1991) required businesses to obtain numerous government licenses for production, expansion, and imports. It aimed at planned development but led to inefficiency and corruption, reformed after 1991. [[1]]

Topic Post-Independence Economic History
Exam Relevance UPSC, SSC, Railway