Question : The 'License-Permit-Quota' system in India was aimed at:
Option 1: Promoting ease of doing business
Option 2: Regulating foreign investment
Option 3: Controlling inflation
Option 4: Managing industrial growth
Correct Answer: Managing industrial growth
Solution : The correct answer is (d) Managing industrial growth
The 'License-Permit-Quota' system in India was aimed at managing industrial growth. This system was prevalent during the period of economic planning in India, particularly from the 1950s to the 1980s. Under this system, industrial activities required licenses, permits, and quotas from the government, which controlled and regulated various aspects of industrial development. The objective was to ensure planned and controlled growth of industries, regulate the allocation of resources, and promote a balanced industrial sector. However, over time, this system was criticized for its bureaucratic complexities, stifling entrepreneurship, and hindering the ease of doing business, leading to its gradual dismantling in the 1990s.
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Question : The 'License Raj' in India refers to:
Option 1: The system of obtaining licenses for industrial activities
Option 2: The system of licensing journalists
Option 3: The system of licensing foreign tourists
Option 4: The system of obtaining licenses for agricultural activities
Question : What was the immediate consequence of the suspension of Five-year Plans in India?
Option 1: Rapid industrial growth
Option 2: Increase in foreign investment
Option 3: Shift towards a market economy
Option 4: Stagnation in economic development
Question : Environmental movements in India are primarily concerned with:
Option 1: Promoting urbanization
Option 2: Supporting industrial growth
Option 3: Protecting natural resources and ecosystems
Option 4: Encouraging fossil fuel consumption
Question : What do Environmental Movements in India primarily focus on?
Option 2: Advocating for women's rights
Option 4: Supporting industrial growth
Question : Land reforms in India were aimed at addressing which of the following issues?
Option 1: Urban unemployment
Option 2: Industrial monopolies
Option 3: Agricultural inefficiency and social inequality
Option 4: Foreign trade imbalances
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