8 Views

Question : The 1991 economic policy aimed to promote entrepreneurship and innovation through:

 

Option 1: Licensing and regulations

Option 2: Subsidies and tax incentives

Option 3: Import restrictions

Option 4: Monopoly control


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Subsidies and tax incentives


Solution : The correct answer is (b) Subsidies and tax incentives

The policy introduced several reforms to streamline and simplify the taxation system, reduce tax rates, and offer tax incentives to businesses, especially in sectors considered crucial for economic growth. These incentives included exemptions, deductions, and subsidies to encourage investment, research and development, and technological innovation.

By providing subsidies and tax incentives, the 1991 economic policy aimed to create a conducive environment for entrepreneurship and innovation, enabling businesses to thrive, expand, and contribute to the overall economic development of the country.

Related Questions

Amity University, Noida : MBA...
Apply
Ranked among top 10 B-Schools in India by multiple publications | Top Recruiters-Google, MicKinsey, Amazon, BCG & many more.
XIME Bangalore PGDM Admission...
Apply
Accredited by AICTE & NBA | Highest CTC 14.7 LPA | Average CTC 10.5 LPA | Key Recruiters: EY, Deloitte, KPMG, HCL
Amity University, Noida BBA A...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Great Lakes Institute of Mana...
Apply
Globally Recognized by AACSB (US) & AMBA (UK) | 17.8 LPA Avg. CTC for PGPM 2025
IBSAT 2025-ICFAI Business Sch...
Apply
IBSAT 2025-Your gateway to MBA/PGPM @ IBS Hyderabad and 8 other IBS campuses | Scholarships worth 10 CR
UPES | BBA Admissions 2026
Apply
#36 in NIRF, NAAC ‘A’ Grade | 100% Placement, up to 30% meritorious scholarships
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books