License Raj System — Prelims Strategy
Prelims Strategy
For Prelims, the strategy for License Raj involves a strong focus on factual recall and conceptual clarity. Aspirants should prioritize understanding the key legislative acts: the Industries (Development and Regulation) Act, 1951 (IDRA), and the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act).
Memorize their years and primary objectives. Similarly, the Industrial Policy Resolutions of 1948 and 1956 are critical, especially the classification of industries into Schedule A, B, and C under IPR 1956.
Be prepared for questions on the specific features of License Raj, such as capacity licensing, import controls, and the reservation policy for small-scale industries. Understand the direct consequences like bureaucratic delays, corruption, and the 'Hindu Rate of Growth.
' Questions often involve identifying correct statements about its features or consequences, or matching acts with their objectives. Pay attention to the year 1991 as the turning point for its abolition.
Practice MCQs that test your ability to distinguish between the License Raj era and the post-liberalization period, as this is a common trap. Vyyuha advises creating a timeline of key events and acts to aid memory and avoid chronological confusion.