the basic idea of industrial licensing police was to take options 1 : ensure environment friendly investment 2: promote private investment in the economy 3: encourage industry in the backward regions of the country . give any one correct option please
Answers
Answered by
2
3. Encourage industry in the backward regions of the country
Explanation:
An industrial license is a printed authorization from the government authorities to an industry to produce goods specified in the authorization memo. It also postulates particulars such as the location of the goods to be manufactured, the holding capacity of the unit, time within which the industrial capacity is to be recognized, etc. The aim of industrial licensing is to make an optimal usage of the scarce resources, redress the disparities and reduce inequalities to the possible extent.
OBJECTIVES OF LICENSING POLICY includes:
- Prevention of monopoly power of some industries.
- Encourage entrepreneurs to start industrial units.
- Promote and encourage the decentralized units.
- Aim to build up a self-reliant economy.
Similar questions