Escape the Indian Corporate Maze
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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'?

  • Innovation stifling
  • Economic problems
  • Corporate maze (correct)
  • Entrepreneurial energy
  • 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?

  • 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?

    <p>Abundance of obstacles</p> Signup and view all the answers

    When did the change from the 'License Raj' system begin in India?

    <p>Early 1990s</p> Signup and view all the answers

    What was one of the main goals of the Liberalisation Movement in India?

    <p>To encourage innovation and business growth</p> Signup and view all the answers

    What economic difficulties was India facing before the implementation of the Liberalisation Movement?

    <p>Trouble paying debts to foreign countries</p> Signup and view all the answers

    What impact did the Liberalisation Movement have on the Indian economy?

    <p>It brought new ideas and innovations to the market</p> Signup and view all the answers

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