Which of the following was not the feature of early industrial policy?

Compulsory Licence

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Limited private sector participation

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Promoted monopolies

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None of the above

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Solution

The correct option is C
Promoted monopolies
Features of Industrial Policy till 1990:
-Compulsory Licence
-Limited private sector participation
-Permit and Quota Raj
-Bureaucratic hurdles

These also created many monopolies inspite of MRTP act

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