Question

Which of the following is/are the results of Indian government's interference in industries?

• A. Lack of incentives in goods production
• B. Goods shortage
• C. Politics and bribery
• D. Easy procedures to setup industry

Answer 1

Answer: (A), (B), (C)

Politics and bribery

The interference of the government in the industrial sector led to: 1) Stringent procedures to enrol the industry unit 2) Politics and bribery 3) Lack of incentive in goods production, leading to goods shortage 4) Lack of good quality products due to lack of competition