Which policy ended the License Raj?

CA Foundation · Business Economics · MTP · January 2026
Which policy ended the License Raj?
(A) A. Industrial Policy Resolution 1956
(B) B. New Industrial Policy 1991
(C) C. GST Act 2017
(D) D. PLI Scheme 2020

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. New Industrial Policy 1991

Topics: Indian Economy

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