Read the given passage and answer the question: The New Industrial Policy was announced in 1991. The major objectives of this policy were to build on the gains already made, correct the distortions or weaknesses that had crept in, maintain a sustained growth in productivity and gainful employment, and attain international competitiveness. Within this policy, measures initiated are: abolition of industrial licensing, free entry to foreign technology, foreign investment policy, access to the capital market, open trade, abolition of phased manufacturing programme, and liberalised industrial location programme. The policy has three main dimensions: liberalisation, privatisation, and globalisation. The threshold limits of assets have been scrapped, and no industry requires prior approval for investing in the delicensed sector. They only need to submit a memorandum in the prescribed format. In the new industrial policy, Foreign Direct Investment (FDI) has been seen as a supplement to domestic investment for achieving a higher level of economic development.
Which measures were NOT initiated under New Industrial Policy?
Ban on foreign investment
The New Industrial Policy (1991) promoted foreign investment instead of banning it.
Key reforms included:
- Free entry of foreign technology.
- Abolition of industrial licensing.
- Privatisation and market-driven policies.
Important Questions from Manufacturing Industries
Match List - I with List - II.
List – I: Iron and Steel plant centre
(A) Sheffield
(B) Dortmund
(C) Donetsk
(D) Rourkela
List – II: Country
(I) Germany
(II) Ukraine
(III) India
(IV) United Kingdom
Choose the correct answer from the options given below:
The Petrofilms Cooperative Limited (PCL), a joint venture of Government of India and Weaver’s Cooperative plant is located at:
Match the Industry type and basis on which it is classified.
List-I (Basic of Classification) List-II (Category) (A) Ownership (I) Consumer goods (B) Capital investment (II) Mineral based (C) Use of their products (III) Private sector (D) Raw materials used by them (IV) Cottage industry Choose the correct answer from the options given below:
"Small is Beautiful" was written by _____.
Which approach of Human Geography is the most recent?
