CA Foundation Exam  >  CA Foundation Questions  >  At present, licensing is compulsory for how m... Start Learning for Free
 At present, licensing is compulsory for how many industries?

  • a)
    5

  • b)
    8

  • c)
    20

  • d)
    23

Correct answer is option 'A'. Can you explain this answer?
Verified Answer
At present, licensing is compulsory for how many industries?a)5b)8c)20...

  • At present, only five industries are under compulsory licensing mainly on account of environmental, safety, and strategic considerations.

  • They are:

    • Distillation and brewing of alcoholic drinks

    • Cigars and cigarettes of tobacco and manufactured tobacco substitutes.

    • Electronic Aerospace and defense equipment

    • Industrial explosives including detonating fuses, safety fuses, gun powder, nitrocellulose, and matches.

    • Specified Hazardous chemicals i.e. (i) Hydrocyanic acid and its derivatives, (ii) Phosgene and its derivatives, and (iii) Isocyanates & diisocyanates of hydrocarbon, not elsewhere specified (example Methyl isocyanate).



View all questions of this test
Most Upvoted Answer
At present, licensing is compulsory for how many industries?a)5b)8c)20...
Licensing is compulsory for 5 industries at present.

1. Medical and Healthcare Industry:
In the medical and healthcare industry, licensing is mandatory to ensure the safety and well-being of patients. Doctors, nurses, surgeons, pharmacists, and other healthcare professionals need to obtain licenses to practice their professions. This ensures that they have met the necessary educational and training requirements and are competent to provide quality healthcare services.

2. Legal Industry:
In the legal industry, lawyers and advocates are required to obtain licenses in order to practice law. This ensures that they have the necessary qualifications and knowledge to provide legal advice and represent clients in court.

3. Financial Industry:
In the financial industry, various licenses are required for professionals such as financial advisors, stockbrokers, insurance agents, and investment bankers. These licenses ensure that individuals working in the industry have the necessary expertise and knowledge to provide reliable financial advice and services.

4. Real Estate Industry:
In the real estate industry, individuals involved in buying, selling, or renting properties are required to have a real estate license. This ensures that they have the necessary knowledge of property laws, regulations, and ethical standards to protect the interests of buyers, sellers, and renters.

5. Education Industry:
In the education industry, teachers are required to have teaching licenses. This ensures that they have the necessary qualifications, skills, and knowledge to educate students effectively. Licensing also helps to maintain standards in the education sector and ensures that teachers adhere to ethical practices.

These are the 5 industries where licensing is compulsory at present. Licensing requirements may vary from country to country or state to state, but the overall objective is to regulate and ensure the quality of services provided in these industries.
Explore Courses for CA Foundation exam
At present, licensing is compulsory for how many industries?a)5b)8c)20d)23Correct answer is option 'A'. Can you explain this answer?
Question Description
At present, licensing is compulsory for how many industries?a)5b)8c)20d)23Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about At present, licensing is compulsory for how many industries?a)5b)8c)20d)23Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for At present, licensing is compulsory for how many industries?a)5b)8c)20d)23Correct answer is option 'A'. Can you explain this answer?.
Solutions for At present, licensing is compulsory for how many industries?a)5b)8c)20d)23Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of At present, licensing is compulsory for how many industries?a)5b)8c)20d)23Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of At present, licensing is compulsory for how many industries?a)5b)8c)20d)23Correct answer is option 'A'. Can you explain this answer?, a detailed solution for At present, licensing is compulsory for how many industries?a)5b)8c)20d)23Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of At present, licensing is compulsory for how many industries?a)5b)8c)20d)23Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice At present, licensing is compulsory for how many industries?a)5b)8c)20d)23Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev