Which was a system of licenses and regulations that one need to follow in order to set up a business in India between 1947-1991 ?

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Question:

Which was a system of licenses and regulations that one need to follow in order to set up a business in India between 1947-1991 ?

A.

Democrat Raj

B.

License Raj

C.

India Raj

D.

Business Raj

Answer» b. License Raj

Note: The above multiple-choice question is for all general and Competitive Exams in India.