Question

the excessive regulation of permit license raj prevented the efficiency of certain firms​

Answer 1

Answer:

License Raj. License Raj refers to regulations and accompanying bureaucracy that were required to set up and run Indian businesses in India between 1951 and 1991. The Government resorted to licensing system so that it can maintain control over industries as per the Industries Development and Regulation Act, 1951

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Answer 2

It is true that excessive regulation of permit license Raj prevented the efficiency of certain firms.

Explanation:

• Licence Raj refers to the government industrial policies and regulations that were required to set up and run Indian businesses in India during the period of 1951 to 1991.
• The Government made use of the  licensing system so that it could keep a control over industries according to the Industries Development and Regulation Act, 1951
• A license was required by the industries which was  a written permission granted by government to a firm regarding the product that the firms want to  manufacture.

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