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Questions and Answers
Which term best describes the system of severe restrictions on business in India during the time known as the 'License Raj'?
Which term best describes the system of severe restrictions on business in India during the time known as the 'License Raj'?
- Innovation stifling
- Economic problems
- Corporate maze (correct)
- Entrepreneurial energy
What was the impact of the 'License Raj' on the Indian economy?
What was the impact of the 'License Raj' on the Indian economy?
- Free flow of economy
- Increased competition
- Unleashed entrepreneurial energy
- Limitations on industries (correct)
Who recognized the economic problems caused by the 'License Raj' in India?
Who recognized the economic problems caused by the 'License Raj' in India?
- Knowledgeable economist
- Entrepreneurial leader
- Dr. Manmohan Singh (correct)
- Intelligent economist
What was the main reason for the Indian economy struggling to flow freely during the 'License Raj' period?
What was the main reason for the Indian economy struggling to flow freely during the 'License Raj' period?
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When did the change from the 'License Raj' system begin in India?
When did the change from the 'License Raj' system begin in India?
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What was one of the main goals of the Liberalisation Movement in India?
What was one of the main goals of the Liberalisation Movement in India?
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What economic difficulties was India facing before the implementation of the Liberalisation Movement?
What economic difficulties was India facing before the implementation of the Liberalisation Movement?
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What impact did the Liberalisation Movement have on the Indian economy?
What impact did the Liberalisation Movement have on the Indian economy?
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