Question : According to the Industrial Policy Resolution 1956, how many categories were the industries classified in India?

Option 1: 5

Option 2: 4

Option 3: 3

Option 4: 2

Question : In which industrial policy was the investment limit for tiny industry units increased to INR 2 lakh?

Option 1: 1977

Option 2: 1991

Option 3: 1980

Option 4: 1956

Question : How many industries were listed in Schedule A of Industrial Policy, 1956?

Option 1: 16

Option 2: 17

Option 3: 10

Option 4: 12

Question : In India, which of the following regulatory mechanisms was not in existence to enforce regulation of the industrial sector?

Option 1: 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.

Option 2: Controls on price fixation and distribution of selected industrial products.

Option 3: Private sector was allowed in all industries.

Option 4: Some goods could be produced only in small-scale industries.

Question : Which among the following industries was not in Schedule A of Industrial Policy 1956?

Option 1: Air transport

Option 2: Mining of salt

Option 3: Mineral oils

Option 4: Iron and steel