Post-1991 reforms abolished industrial licensing for most private sector industries (licensing was retained only for a few like alcohol, cigarettes, defence equipment, etc.). Dereservation of small-scale goods, reduction of public-sector reserved industries to a handful, and market-determined pricing are all 1991 reforms. Therefore, 'Industrial licencing for private sector industries' is NOT a 1991 reform, it was the pre-1991 practice that was dismantled.
Which of the following was not an industrial reform policy introduced in India in and after 1991?
CUET UG 2023 — Economics Indian Economic Development
2023mcqeasy
Which of the following was not an industrial reform policy introduced in India in and after 1991?
Official previous-year question
Verified 13 Jul 2026.
Options
- A
Many goods produced by small-scale industries have been dereserved
- B
The only industries reserved for public sector is a part of atomic energy generation and some core activities in railway transport
- C
Industrial licencing for private sector industries
- D
In most industries the market has ben allowed to determine the prices
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