5 Views

Question : What was the main objective of industrial sector reforms in the 1991 economic policy?

 

Option 1: Promoting export-oriented industries

Option 2: Nationalizing key industries

Option 3: Encouraging small-scale industries

Option 4: Protecting domestic industries from foreign competition


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Promoting export-oriented industries


Solution : The correct answer is (a) Promoting export-oriented industries.

The reforms aimed to liberalize and modernize the industrial sector, encouraging the growth of export-oriented industries. The focus was on enhancing competitiveness, attracting foreign investments, and integrating Indian industries into the global market. These reforms included delicensing and deregulation of industries, allowing automatic approval of foreign direct investment (FDI), and providing various incentives to promote export-oriented production and technology upgradation.

Related Questions

VIT Bhopal University | M.Tec...
Apply
M.Tech admissions open @ VIT Bhopal University | Highest CTC 52 LPA | Apply now
Amity University | M.Tech Adm...
Apply
Ranked amongst top 3% universities globally (QS Rankings).
Amity University Noida MBA Ad...
Apply
Amongst top 3% universities globally (QS Rankings)
Graphic Era (Deemed to be Uni...
Apply
NAAC A+ Grade | Among top 100 universities of India (NIRF 2024) | 40 crore+ scholarships distributed
XAT- Xavier Aptitude Test 2026
Apply
75+ years of legacy | #1 Entrance Exam | Score accepted by 250+ BSchools | Apply now
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
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