Question : Which of the following is not an important feature of the Industrial Policy of 1991?
Option 1: Foreign Technology Agreements
Option 2: Industrial Licensing Policy
Option 3: No Foreign Trade Policy
Option 4: Public Sector Policy
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Correct Answer: No Foreign Trade Policy
Solution : The correct answer is No Foreign Trade Policy.
The Industrial Policy of 1991 had the objective of liberalizing the Indian economy, promoting competition, encouraging foreign direct investment (FDI), and fostering a more open and market-oriented industrial sector. On the other hand, the Foreign Trade Policy (FTP) is a distinct policy that outlines the strategies and measures related to India's international trade.
Application | Eligibility | Dates | Syllabus
Question : On which date was the Industrial Policy of 1991 launched?
Option 1: 24 July
Option 2: 30 December
Option 3: 20 October
Option 4: 15 August
Question : Who was the Prime Minister of India when the Industrial Policy of 1991 was launched?
Option 1: Rajiv Gandhi
Option 2: P. V. Narasimha Rao
Option 3: Chandra Shekhar
Option 4: V. P. Singh
Question : MRTP Act was enacted in 1969 to ensure that the operation of the economic system does not result in the concentration of economic power in the hands of a few. The full form of MRTP is ________.
Option 1: Monopoly and Regulatory Trade Practice
Option 2: Monopolies and Restrictive Trade Practices
Option 3: Monopolistic and Rising Trade Policy
Option 4: Market and Reserve Trade Policy
Question : Which of the following is not a feature of money?
Option 1: Convenient unit of account
Option 2: Perishable
Option 3: General acceptability
Option 4: Liquid asset
Question : Which of the following is not a key feature of the Indian Constitution?
Option 1: Quasi Federal
Option 2: Separation of Powers
Option 3: Fundamental Rights
Option 4: Aristocracy
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