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Pricing Schools Business

Features Pricing Schools Business

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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?

Abundance of obstacles (A) Signup and view all the answers

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

Early 1990s (A) Signup and view all the answers

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

To encourage innovation and business growth (B) Signup and view all the answers

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

Trouble paying debts to foreign countries (A) Signup and view all the answers

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

It brought new ideas and innovations to the market (A) Signup and view all the answers