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Consider the following statements with respect to Industrial Deregulation and state the correct combination.
I) Restrictions imposed by Licensing policy was removed
II) Price fixation and controls were removed
III) Private sector was not allowed to enter the public space.
- a)Only I
- b)Only I and II
- c)Only III
- d)I, II, III
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with respect to Industrial Deregulat...
Industrial Deregulation refers to the removal or relaxation of government regulations and restrictions on the functioning of industries. Here are the statements and their correct combination:
I) Restrictions imposed by Licensing policy was removed - This statement is true. Licensing policies are government regulations that restrict the entry or expansion of firms in a particular industry. Industrial deregulation removes or reduces these restrictions, thereby promoting competition and innovation in the industry.
II) Price fixation and controls were removed - This statement is true. Price controls are government regulations that limit the prices that firms can charge for their products or services. Industrial deregulation removes or reduces these controls, allowing firms to charge market prices and compete based on their quality and efficiency.
III) Private sector was not allowed to enter the public space - This statement is false. Industrial deregulation promotes the entry of private sector firms into the public space, which refers to industries that are traditionally dominated by the government or public sector. By allowing private firms to compete in these industries, industrial deregulation promotes efficiency, innovation, and better service delivery.
Therefore, the correct combination of statements is (a) Only I.
I) Restrictions imposed by Licensing policy was removed - This statement is true. Licensing policies are government regulations that restrict the entry or expansion of firms in a particular industry. Industrial deregulation removes or reduces these restrictions, thereby promoting competition and innovation in the industry.
II) Price fixation and controls were removed - This statement is true. Price controls are government regulations that limit the prices that firms can charge for their products or services. Industrial deregulation removes or reduces these controls, allowing firms to charge market prices and compete based on their quality and efficiency.
III) Private sector was not allowed to enter the public space - This statement is false. Industrial deregulation promotes the entry of private sector firms into the public space, which refers to industries that are traditionally dominated by the government or public sector. By allowing private firms to compete in these industries, industrial deregulation promotes efficiency, innovation, and better service delivery.
Therefore, the correct combination of statements is (a) Only I.
Community Answer
Consider the following statements with respect to Industrial Deregulat...
Only I and II option should be there
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Consider the following statements with respect to Industrial Deregulation and state the correct combination.I) Restrictions imposed by Licensing policy was removedII) Price fixation and controls were removedIII) Private sector was not allowed to enter the public space.a)Only Ib)Only I and IIc)Only IIId)I, II, IIICorrect answer is option 'B'. Can you explain this answer?
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Consider the following statements with respect to Industrial Deregulation and state the correct combination.I) Restrictions imposed by Licensing policy was removedII) Price fixation and controls were removedIII) Private sector was not allowed to enter the public space.a)Only Ib)Only I and IIc)Only IIId)I, II, IIICorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with respect to Industrial Deregulation and state the correct combination.I) Restrictions imposed by Licensing policy was removedII) Price fixation and controls were removedIII) Private sector was not allowed to enter the public space.a)Only Ib)Only I and IIc)Only IIId)I, II, IIICorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with respect to Industrial Deregulation and state the correct combination.I) Restrictions imposed by Licensing policy was removedII) Price fixation and controls were removedIII) Private sector was not allowed to enter the public space.a)Only Ib)Only I and IIc)Only IIId)I, II, IIICorrect answer is option 'B'. Can you explain this answer?.
Consider the following statements with respect to Industrial Deregulation and state the correct combination.I) Restrictions imposed by Licensing policy was removedII) Price fixation and controls were removedIII) Private sector was not allowed to enter the public space.a)Only Ib)Only I and IIc)Only IIId)I, II, IIICorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with respect to Industrial Deregulation and state the correct combination.I) Restrictions imposed by Licensing policy was removedII) Price fixation and controls were removedIII) Private sector was not allowed to enter the public space.a)Only Ib)Only I and IIc)Only IIId)I, II, IIICorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with respect to Industrial Deregulation and state the correct combination.I) Restrictions imposed by Licensing policy was removedII) Price fixation and controls were removedIII) Private sector was not allowed to enter the public space.a)Only Ib)Only I and IIc)Only IIId)I, II, IIICorrect answer is option 'B'. Can you explain this answer?.
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