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SSC CPO 2023 PYQ — Question 93

SSC CPO - 3 Oct 2023 - Shift 1 • General Awareness • Q93

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In India, which of the following regulatory mechanisms was NOT in existence to enforce regulation of the industrial sector?

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Correct answer: C

Explanation

The correct answer is Option 3 i.e. Private sector was allowed in all industries.

In India, regulatory mechanisms were enforced in various ways:

  1. Industrial licensing under which every entrepreneur had to get permission from government officials to start a firm, close a firm or 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. Controls on price fixation and distribution of selected industrial products.