Which of the following committees was associated with Industrial Licensing Policy Inquiry?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Dutt Committee.
The Dutt Committee was set up in 1967 to review India's industrial licensing policy. Subimal Dutt chaired the Industrial Licensing Policy Inquiry Committee, also known as the Dutt Committee, whose report in 1969 played a significant role in shaping India's industrial policy. The committee's findings led to the enactment of the Monopolies and Restrictive Trade Practices Act (MRTP Act) in 1969, aimed at regulating monopolies and promoting fair competition in the Indian economy.