Indian Economy·Prelims Questions

Industrial Policy Evolution — Prelims Questions

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Version 1Updated 7 Mar 2026

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Q1medium

Which of the following statements correctly describes the primary objective of the Industrial Policy Resolution (IPR) 1956?

Q2medium

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?

Q3hard

Which of the following was NOT a key feature of the New Industrial Policy (NIP) 1991?

Q4easy

The Production Linked Incentive (PLI) scheme, a recent industrial policy initiative, primarily aims to:

Q5easy

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?