Name the various ways by which regulatory mechanism were enforced in India?

Solution

In India, regulatory mechanisms were enforced in the following four ways:

1. Industrial licensing under which every entrepreneur had to get permission from government official to start a firm, close a firm or to decide the amount of goods that could be produced.

2. Private sector was not allowed in many industries.

3. Some goods could be produced only in small scale industries.

4. Control on price-fixation and distribution of selected indsutrial products.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

For Daily Free Study Material Join wiredfaculty

Liberalisation, Privatisation And Globalisation : An Appraisal

Name the various ways by which regulatory mechanism were enforced in India?

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

What is privatisation?

What is the meaning of globalisation?

Why did the New Economic Policy emphasize a shift towards private sector?

Why was the rate of growth of private sector industries slow before 1991?

What were the reasons behind incompetence of many Indian products and industries before 1991?

Before 1991 why did India face a serious balance of payment problem?

What was the main objective of delicensing?

Before 1991, MRTP Act inhibited the growth of industries. How?

State the steps taken by the government towards liberalisation under the New Economic Policy.

What is the meaning of disinvestment of Public Sector Units?

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Location