Under the License Raj system in India:
A)the producers having the licence could produce as much as they wanted.
B)the producers were allowed to manufacture goods only for the government.
C)only the producers having the licence were allowed to import inputs from abroad.
D)producing beyond the specified limit was a punishable offence.
E)the producers could only produce to meet their subsistence needs.

Question

Quizplus · Accepted Answer

Under the License Raj system, the government imposed strict controls on production, and producing beyond the specified limit was indeed a punishable offence.

Under the License Raj System in India