Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Private, Public and Global Enterprises

Question:

How many industries are reserved for public sector in 2001?

Options:

3

7

9

11

Correct Answer:

3

Explanation:

The correct answer is option 1- 3.

3 industries are reserved for public sector.

In the 1956 resolution on Industrial policy, 17 industries were reserved for the public sector. In 1991, only 8 industries were reserved for the public sector, they were restricted to atomic energy, arms and communication, mining, and railways. In 2001, only three industries were reserved exclusively for the public sector. These are atomic energy, arms and rail transport. This meant that the private sector could enter all areas (except the three) and the public sector would have to compete with them.