Question : Which of the following about industrial licensing is correct?
- No new industries was allowed unless licences is obtained from the government.
- 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:
Both are true .
Solution : The following statement about industrial licensing is correct.
- No new industries was allowed unless licences is obtained from the government.
- It was easier to obtain a licence if the industrial unit was established in economically backward area
Hence Option A is correct.