CUET Preparation Today
How did the government exercise control over the private sector industries in the initial phase of planning? |
By providing tax benefits and concessions. By granting licenses for new establishments and expansions. By establishing joint ventures with private companies. By enforcing strict regulations and price controls. |
By granting licenses for new establishments and expansions. |
The correct answer is option 2: By granting licenses for new establishments and expansions. The government exercised control over the private sector industries through a system of licenses. No new industry or expansion could take place without obtaining a license from the government. This allowed the government to regulate and monitor industrial growth. |
