Read the two statements and choose the correct option.
I. Under IPR 1956, the private sector was kept under state control through licences.
II. IPR 1956 abolished all industrial licensing.

Only ICorrect answerYour answerOnly IICorrect answerYour answerBoth I and IICorrect answerYour answerNeither I nor IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Licensing was the main tool of control: I is true.
IPR 1956 brought licensing in; it was largely abolished only in 1991. II is false.

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

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

Read the two statements and choose the correct option.I. Under IPR 1956, the private sector was kept under state control through licences.II. IPR 1956 abolished all industrial licensing.