Industrial Policy 1948, 1956, 1991 — Prelims Questions

Which of the following statements correctly describes the primary objective of the Industrial Policy Resolution, 1956?

Consider the following statements regarding the New Industrial Policy (NIP) of 1991: 1. It abolished industrial licensing for all industries without exception. 2. It significantly reduced the number of industries reserved exclusively for the public sector. 3. It replaced the Monopolies and Restrictive Trade Practices (MRTP) Act with the Competition Act immediately. Which of the statements given above is/are correct?

The term 'License Raj' in the context of India's industrial policy primarily refers to:

Which of the following constitutional provisions provided the ideological basis for the state's dominant role in industrial development, particularly under IPR 1956?

Consider the following statements: 1. The Industrial Policy Resolution of 1948 established a 'socialist pattern of society' as its core objective. 2. The New Industrial Policy of 1991 led to the replacement of the Foreign Exchange Regulation Act (FERA) with the Foreign Exchange Management Act (FEMA) in the same year. Which of the statements given above is/are correct?