Practicing Success

Target Exam

CUET

Subject

Geography

Chapter

India-People and Economy: Manufacturing Industries

Question:

Which of the following points about the objectives of Industrial Policy 1991 are correct?

A. Gainful employment
B. Attain international competitiveness
C. Maintain a sustained growth in productivity
D. Immediately provide better economic opportunities to people

Choose the correct answer from the options given below:

Options:

A, B, C only

A, B, D only

A, C, D only

B, C, D only

Correct Answer:

A, B, C only

Explanation:

The correct answer is Option (1) → A, B, C only

The major objectives of this policy were to build on the gains already made, correct the distortions or weaknesses that have crept in maintain a sustained growth in productivity and gainful employment and attain international competitiveness.

D. Immediately provide better economic opportunities to people - Not correct. While the policy aimed to provide better economic opportunities over the long term through economic reforms, it did not promise immediate results. The policy was a gradual process of liberalization and opening up of the economy, and its impact on the economy and people's lives unfolded over time.