Which of the following was NOT a way in which regulatory mechanisms for controlling industry were enforced in various way before 1991 in India?

none of the above

In India, regulatory mechanisms were enforced in various way, before 1991:

(i) industrial licensing under which every entrepreneur had to get permission from government officials to start a firm, close a firm or decide the amount of goods that could be produced

(ii) private sector was not allowed in many industries

(iii) some goods could be produced only in small-scale industries, and

(iv) controls on price fixation and distribution of selected industrial products.