Question : Which of the following about industrial licensing is correct?
- New license was needed for expanding the existing industry.
- It was easier to obtain a licence if the industrial unit was established in economically backward area
Option 1: Both are true .
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
Correct Answer:
Statement 2 is true and statement 1 is false.
Solution : The following statement about industrial licensing is correct.
- License was needed if an existing industry wants to expand.
- It was easier to obtain a licence if the industrial unit was established in economically backward area
Hence Option D is correct.