Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Which of the following industry was reserved exclusively for the public sector after implementation of NEP of 1991?

Options:

aerospace

hazardous chemicals

industrial explosives

none of the above

Correct Answer:

none of the above

Explanation:

Industrial licensing was abolished for almost all but product categories — 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.