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What change simplified market entry for new companies after the NEP 1991?

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Question

What change simplified market entry for new companies after the NEP 1991?

Options

  • Industrial licensing abolished for most sectors.

  • Growth in government control.

  • Unlimited subsidies for businesses.

  • High export tariffs were introduced.

MCQ
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Solution

Industrial licensing abolished for most sectors.

Explanation:

The policy removed licensing requirements, making it easier to start a business.

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