General Knowledge · Indian Economy
What does the term 'License Raj' refer to in the context of India's pre-liberalization era?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Licensing farmers for using irrigation water
- 2Regulatory environment requiring extensive government approvals for business✓
- 3Licensing policies for importing technology
- 4Licensing criteria for privatization of industries
Correct answer
Regulatory environment requiring extensive government approvals for business
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