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 moving towards simplification and ease of doing business. Governments are reducing paperwork, digitizing procedures, and introducing single-window clearance systems to make it faster and easier to obtain business licenses.
Key Points:
Business licensing processes are being simplified.
Online and digital application systems are increasing.
Transparency and efficiency are being improved in regulations.
The Ease of Doing Business initiative is being promoted.
Additional Facts:
Many government services are now available through online portals.
Single-window systems allow multiple approvals in one place.
Startups and MSMEs receive special support and relaxations.
Important Questions:
Q1: What is the main goal of modern business policy?
Ans: To simplify and speed up business processes
Q2: What is Ease of Doing Business?
Ans: Making it easier to start and run a business
Q3: What change is happening in licensing systems?
Ans: They are becoming digital and simplified