What was the direct negative effect of the permit license raj?

Prevented certain firms from bankeruptcy

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Prevented certain firms from dilution

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Prevented certain firms from becoming more effecient

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None of the above

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Solution

The correct option is C Prevented certain firms from becoming more effecient
The Licence Raj or Permit Raj was the system of licences, regulations, and accompanying red tape, that hindered the set up and running of businesses in India between 1947 and 1990
it prevented certain firms from becoming more efficient

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Similar questions

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents is known as

(a) Contract manufacturing

(b) Franchising

(d) Licensing

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