Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

The ONLY industry which is now reserved for the public sector is part of which of the following options?

Options:

Hazardous Chemicals

Atomic energy generation

Both 1 and 2

None of the above

Correct Answer:

Both 1 and 2

Explanation:

Industrial licensing was abolished for almost all products except — alcohol, cigarettes, hazardous chemicals, industrial explosives, electronics, aerospace and drugs and pharmaceuticals. The only industries which are now reserved for the public sector are a part of atomic energy generation and some core activities in railway transport.