Practicing Success
Which of the following was not a feature of the new industrial policy in July 1991? |
Disinvestment was carried out in case of many public sector industrial enterprises Automatic permission was now granted for technology agreements with foreign companies. Many of the industries reserved for the private sector under the earlier policy, were dereserved. The role of the private sector was limited only to four industries of strategic importance. Foreign Investment Promotion Board (FIPB) was set up to promote and channelise foreign investment in India. |
Many of the industries reserved for the private sector under the earlier policy, were dereserved. The role of the private sector was limited only to four industries of strategic importance. |
Many of the industries reserved for the private sector under the earlier policy, were dereserved. The role of the private sector was limited only to four industries of strategic importance.- This is wrong because private sector was not reserved. Public sector was reserved which was deserved later.
The Government of India announced a new industrial policy in July 1991. The broad features of this policy were as follows: |