In India with respect to reform policies initiated in 1991, regulatory mechanisms were enforced in which of the following ways?

(i) Industrial licensing under which every entrepreneur had to get permission from government officials to start a firm, close a firm or decide the amount of goods that could be produced.

(ii) Private sector was not allowed in many industries.

(iii) Some goods could be produced only in small-scale industries.

1
Only (i) and (ii)
2
Only (i) and (iii)
3
Only (ii) and (iii)
4
All (i), (ii) and (iii)

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