Read the following statements carefully and choose the correct option: Assertion (A): One objective of economic liberalisation in India was to remove barriers to entry and growth of firms. Reason (R): The 'License Raj' restricted entrepreneurial freedom and stifled market competition.

Question

Economics · Economic Reforms

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Both A and R are true and R is the correct explanation of A.

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Economic Reforms?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Economic Reforms

The 'Drain of Wealth' theory was propounded by which Indian nationalist leader?

Which event is considered the turning point in Mahatma Gandhi's leadership in the Indian independence movement?

Which African leader is known for his non-violent opposition to colonial rule?

Answer 1

Both A and R are true and R is the correct explanation of A.

Answer 2

Both A and R are true but R is not the correct explanation of A.

Answer 3

A is true but R is false.

Answer 4

A is false but R is true.

Related Practice Questions