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Question : What is the purpose of the licensing policy in India?

Option 1: To promote benefits to a particular group

Option 2: To maintain the identity of an area

Option 3: To show power of the government

Option 4: To promote regional equality


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Answer (1)
Team Careers360 4th Jan, 2024

Correct Answer: To promote regional equality


Solution : The correct answer is To promote regional equality.

The goal of India's licencing policy is to foster regional equity. The licencing policy encourages the growth of companies in underserved areas by offering incentives such as tax reductions and access to infrastructure.

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