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Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Industrial licensing was NOT abolished for which of the following product category as a part of NEP of 1991?

Options:

drugs and pharmaceuticals

electronics

hazardous chemicals

all of the above

Correct Answer:

all of the above

Explanation:

Industrial licensing was abolished as a part of NEP in 1991 for almost all but product categories — alcohol, cigarettes, hazardous chemicals, industrial explosives, electronics, aerospace and drugs and pharmaceuticals.

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