Industrial Policy Evolution — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Which of the following statements correctly describes the primary objective of the Industrial Policy Resolution (IPR) 1956?
Consider the following statements regarding the 'License Raj' in India: 1. It was primarily a system of industrial regulation implemented after the New Industrial Policy of 1991. 2. It aimed to prevent the concentration of economic power and ensure balanced regional development. 3. It often led to bureaucratic delays, corruption, and stifled competition. Which of the statements given above are correct?
Which of the following was NOT a key feature of the New Industrial Policy (NIP) 1991?
The Production Linked Incentive (PLI) scheme, a recent industrial policy initiative, primarily aims to:
Consider the following statements regarding the 'Make in India' initiative: 1. It was launched in 2014 with the objective of transforming India into a global manufacturing hub. 2. It focuses on promoting both domestic and foreign companies to manufacture in India. 3. The Production Linked Incentive (PLI) schemes are a key component of the 'Make in India' initiative. Which of the statements given above are correct?