A
A statutory provision wherein an application is automatically considered granted if the regulatory authority fails to issue a decision within the prescribed timeframe
B
An informal verbal consent given by district authorities during trade exhibitions
C
A provisional license that requires physical re-verification every 48 hours
D
A tax exemption certificate issued directly by the Reserve Bank of India
Correct answer: (a) A statutory provision wherein an application is automatically considered granted if the regulatory authority fails to issue a decision within the prescribed timeframe
Explanation
Option A is correct because deemed approval is a statutory provision ensuring automatic grant of application if regulators miss the deadline. The other options are incorrect.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2020 · Q135 · UPPGS
Limit of investment for outstanding corporate bond for Foreign Portfolio Investment in Union Budget 2020-21 has been extended upto -
2020 · Q148 · UPPGS
Arrange the following events in chronological order and select the correct answer from the codes given below: 1. Rio Earth Summit 2. Publication of Brundtland Commission Report 3. Enforcement of Montreal Protocol 4. Publication of 'The Limit to Growth' Report