Industrial Policy in India SSK

Where did the Industrial Revolution begin?

• Russia

• United States

• Germany

• Great Britain

1. What is the full form of LPG?

• Liberty Prosperity Governance

• Low Poverty Goals

• Liberalization Privatization Globalization

• Long Performance Goals

1. Industrial sectors reforms are

• Abolition of industrial licensing

• Reduced the role of public sector

• Removal of MRTP limit

• All of the above

1. Since 1951, India has been ______ economy.

• Socialist

• Mixed

• Capitalist

• Feudalistic

All of the following are features of •Industrial Policy Resolution (IPR) 1948 EXCEPT:

• 4 industrial sectors: State, private, mixed, govt. control.

• Importance to small and cottage industries.

• Issue of industrial licenses

• Regulation of flow and use of foreign capital.

The achieving of “Socialistic pattern”

& reaching of “Commanding heights” by public sector was the cornerstone of which Indian Industrial Policy?

• Industrial Policy Resolution (IPR) 1948

• Industrial Policy Resolution (IPR) 1956

• Licensing Policy @ IPR 1948 & 1956

• Industries (Development & Regulation) Act 1951

The 3 industrial sectors under •Industrial Policy Resolution (IPR) 1956 were:

• State, private, govt. controlled.

• State, govt. controlled, mixed.

• State, private, mixed.

• Govt. controlled, private, mixed.

Under •Industrial Policy Resolution (IPR) 1956, the 4 sectors reserved for government were:

• arms & ammunition, atomic energy, railways, water transport

• arms & ammunition, atomic energy, railways, air transport

• basic capital goods, atomic energy, railways, air transport

• arms & ammunition, solar energy, railways, air transport

Main objectives of NIP 1991 include all of the following EXCEPT:

• To bring in LPG and to integrate Indian economy with the world.

• To decrease the participation of private players.

• To deregulate the Indian industries & remove unnecessary red-tape.

• To remove the restrictions on FDI.

All of the following are Measures/ Features  of New Industrial Policy (NIP) 1991 EXCEPT:

• Industrial delicensing

• Increasing Public Sector Role

• Freer Foreign Investment

• Constituting a Disinvestment Policy