Under the industrial licensing system after 1956, a licence from the government was needed to

buy shares of any company on the stock exchangeCorrect answerYour answeropen a savings account in a bankCorrect answerYour answersell farm produce in the local marketCorrect answerYour answerstart a new industry or expand outputCorrect answerYour answer

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CorrectNot quiteAnswer D

Correct answer: D

Private firms in the third category could work only with a licence: for a new unit or for more output.

Concept: Industrial licensing
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsIPR 1956 and licensing

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Ten questions from Industry & Trade, 1950–90, at your own pace.

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Ten questions from Industry & Trade, 1950–90, at your own pace.

Practise this chapter All 53 questions in Industry & Trade, 1950–90 Revise the notes for Industry & Trade, 1950–90

Under the industrial licensing system after 1956, a licence from the government was needed to

Explanation