Which statement is correct regarding joint venture?I. 15 industrial areas were put under this category.II. This category also carried the provision of compulsory licensing.III. This provision led to the establishment of the so-called 'Licence-Quota-Permit raj' in the economy.

Which statement is correct regarding joint venture?I. 15 industrial ar

1.	Which statement is correct regarding joint venture?I. 15 industrial areas were put under this category.II. This category also carried the provision of compulsory licensing.III. This provision led to the establishment of the so-called 'Licence-Quota-Permit raj' in the economy.
A.	I & II
B.	II & III
C.	Only I
D.	All the above
Answer» C. Only I