The "License Raj" in India Refers To

The "License Raj" in India refers to:

A) an intricate system of financial control through currency devaluation and reduction in the cash reserve ratio.
B) an intricate system of economic governance through increasing privatization and economic decentralization.
C) an intricate system of economic development through low taxes and zero custom duties.
D) an intricate system of government economic control through permits and quotas.
E) an intricate system of economic development through high exports and limited imports.