Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Arrange following statements regarding Indian industries in the sequence of their occurrence

(A) The Tata Iron and Steel Company was incorporated.

(B) Industries were opened in backward region.

(C) British India government led to collapse of Indian Small Scale Industries.

(D) Industrial licensing was abolished.

(E) The Industrial Policy Resolution was adopted.

Options:

(E), (B), (D), (A), (C)

(D), (B), (A), (C), (E)

(C), (A), (E), (B), (D)

(A), (C), (D), (E), (B)

Correct Answer:

(C), (A), (E), (B), (D)

Explanation:

The correct answer is option (3) : (C), (A), (E), (B), (D)

Explanation: -

(C) British India government led to collapse of Indian Small Scale Industries: This refers to the impact of British policies on Indian small-scale industries in pre independence period.

(A) The Tata Iron and Steel Company was incorporated: This event took place during the early industrialization phase. 1907.

(E) The Industrial Policy Resolution was adopted: This is a significant policy development in the context of Indian industries. 1956

(B) Industries were opened in the backward region: The Industrial Policy Resolution 1956 was used for promoting industry in backward region.

(D) Industrial licensing was abolished: This reflects a later policy change aimed at liberalizing the industrial sector which took place in 1991