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What is the main purpose of industrial licensing in India?
  • a)
    To restrict the expansion of existing industrial units
  • b)
    To ensure compliance with environmental regulations
  • c)
    To promote competition in the market
  • d)
    To regulate industries that may impact public health, safety, and national security
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the main purpose of industrial licensing in India?a)To restric...
The main purpose of industrial licensing in India is to regulate industries that may impact public health, safety, and national security, as mentioned in the text. This ensures that certain industries meet necessary standards and do not pose a threat to the well-being of the public.
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What is the main purpose of industrial licensing in India?a)To restrict the expansion of existing industrial unitsb)To ensure compliance with environmental regulationsc)To promote competition in the marketd)To regulate industries that may impact public health, safety, and national securityCorrect answer is option 'D'. Can you explain this answer?
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