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
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.
Question : What was the primary objective of the New Industrial Policy of 1991?
Option 1: Restricting private sector participation
Option 2: Promoting small-scale industries
Option 3: Encouraging foreign investmentsd) Nationalizing key industries
Option 4: Nationalizing key industries
Question : What was the main objective of financial sector reforms in the 1991 economic policy?
Option 1: Encouraging foreign direct investment (FDI)
Option 2: Strengthening the banking sector
Option 3: Promoting rural credit
Option 4: Controlling inflation
Question : The 1991 economic policy aimed to promote the development of which type of industries?
Option 1: Small-scale industries
Option 2: Cottage industries
Option 3: Heavy industries
Option 4: Public sector industries
Question : The Industrial Policy Resolution of 1956 aimed at promoting which type of industries?
Option 3: Large-scale industries
Option 4: Agro-based industries
Question : What was the main objective of the Telecommunication Policy of 1999 in India?
Option 1: Encouraging private sector participation
Option 2: Nationalizing telecommunication services
Option 3: Restricting foreign investments
Option 4: Promoting rural connectivity
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