The rules and regulations framed by the government to start, run and operate an enterprise in India came to be called the:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Permit license raj
The permit license raj is the set of rules and regulations to start, run and operate an enterprise. Under it, industrialists spent more time getting licenses than improving products.
NCERT (2026-27): Glossary: “Permit License Raj – A term used to denote the rules and regulations framed by the government to start, run and operate an enterprise for production of goods and services in India.” |