What is a modern trend regarding business licenses?
Show answer & explanation
Correct answer: C
Explanation
Correct Answer:
Making them easier to obtain.
Explanation:
The modern trend in business licensing is aligned with Ease of Doing Business, where governments are simplifying procedures, reducing paperwork, and promoting digital and online systems. This makes obtaining licenses faster and easier for businesses.
Key Points:
Business licensing processes are being simplified.
Online and digital systems are increasingly used.
Single-window clearance systems are being promoted.
Ease of Doing Business is the main policy goal.
Additional Facts:
Many licenses and services are now available online in India.
Startups and MSMEs benefit from simplified procedures.
Administrative delays are being reduced.
Important Questions:
Q1: What is the aim of modern business policy?
Ans: To simplify and speed up processes
Q2: What does Ease of Doing Business mean?
Ans: Making business setup and operations easier
Q3: What is the trend in licensing systems?
Ans: They are becoming digital and simplified