All Courses
Get the App Signup / Login
Sign in Open App
B Com Exam  >  B Com Tests  >  Indian Economy  >  Test: Industries Policy (Pre & Post 1991) - B Com MCQ

Test: Industries Policy (Pre & Post 1991) - B Com MCQ


Test Description

10 Questions MCQ Test Indian Economy - Test: Industries Policy (Pre & Post 1991)

Test: Industries Policy (Pre & Post 1991) for B Com 2024 is part of Indian Economy preparation. The Test: Industries Policy (Pre & Post 1991) questions and answers have been prepared according to the B Com exam syllabus.The Test: Industries Policy (Pre & Post 1991) MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Industries Policy (Pre & Post 1991) below.
Solutions of Test: Industries Policy (Pre & Post 1991) questions in English are available as part of our Indian Economy for B Com & Test: Industries Policy (Pre & Post 1991) solutions in Hindi for Indian Economy course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Industries Policy (Pre & Post 1991) | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study Indian Economy for B Com Exam | Download free PDF with solutions
Test: Industries Policy (Pre & Post 1991) - Question 1
Save

What was a major objective of India's economic policy before the 1991 reforms?

Detailed Solution for Test: Industries Policy (Pre & Post 1991) - Question 1
The primary objective of India's economic policy before the 1991 reforms was to achieve self-reliance in all sectors of the economy and develop a socialistic pattern of society.
Test: Industries Policy (Pre & Post 1991) - Question 2
Save

Which institution was established by the Indian government to provide medium and long-term investments for industrial development?

Detailed Solution for Test: Industries Policy (Pre & Post 1991) - Question 2
The Industrial Finance Corporation of India (IFCI) was established by the Indian government to provide medium and long-term investments to support industrial development in the country.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Industries Policy (Pre & Post 1991) - Question 3
Save

How did the New Industrial Policy redefine the concept of economic self-reliance?

Detailed Solution for Test: Industries Policy (Pre & Post 1991) - Question 3
The New Industrial Policy redefined economic self-reliance to mean the ability to pay for imports through foreign exchange earnings from exports, rather than solely relying on domestic industries.
Test: Industries Policy (Pre & Post 1991) - Question 4
Save
What was a significant change introduced by the New Industrial Policy (NIP) of 1991?
Detailed Solution for Test: Industries Policy (Pre & Post 1991) - Question 4
The New Industrial Policy of 1991 introduced liberalization measures, emphasizing the need for competitiveness, reducing state intervention, and promoting a more open and competitive industrial environment.
Test: Industries Policy (Pre & Post 1991) - Question 5
Save
What does the term "industrial policy" refer to?
Detailed Solution for Test: Industries Policy (Pre & Post 1991) - Question 5
Industrial policy refers to the principles, rules, regulations, and policies that guide a country's approach to developing its industrial sector. It outlines the government's strategy for promoting and regulating industrialization within the country.
Test: Industries Policy (Pre & Post 1991) - Question 6
Save
What was the main focus of the import-substitution policy in India?
Detailed Solution for Test: Industries Policy (Pre & Post 1991) - Question 6
The import-substitution policy in India aimed to encourage the domestic production of goods that were previously imported, thereby reducing the country's dependence on foreign goods.
Test: Industries Policy (Pre & Post 1991) - Question 7
Save
What is the main objective of the Competition Act, 2002?
Detailed Solution for Test: Industries Policy (Pre & Post 1991) - Question 7
The main objective of the Competition Act, 2002, is to promote healthy competition in the market and prevent practices that have an adverse impact on competition.
Test: Industries Policy (Pre & Post 1991) - Question 8
Save
Which sector of Indian industries saw a significant increase in growth post the 1991 reforms?
Detailed Solution for Test: Industries Policy (Pre & Post 1991) - Question 8
The services sector witnessed significant growth post the 1991 reforms, contributing to India's economic expansion and diversification.
Test: Industries Policy (Pre & Post 1991) - Question 9
Save
How did the New Industrial Policy (NIP) of 1991 impact foreign investment in India?
Detailed Solution for Test: Industries Policy (Pre & Post 1991) - Question 9
The New Industrial Policy of 1991 encouraged foreign investment by relaxing restrictions and creating a more favorable environment for foreign investors to participate in India's economy.
Test: Industries Policy (Pre & Post 1991) - Question 10
Save
What was the purpose of the Monopolies and Restrictive Trade Practices (MRTP) Act, 1969?
Detailed Solution for Test: Industries Policy (Pre & Post 1991) - Question 10
The MRTP Act, 1969, was enacted to prevent the concentration of economic power and discourage the emergence of private monopolies in the Indian industrial sector.
46 videos|48 docs|23 tests
Join Course
Information about Test: Industries Policy (Pre & Post 1991) Page
In this test you can find the Exam questions for Test: Industries Policy (Pre & Post 1991) solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Industries Policy (Pre & Post 1991), EduRev gives you an ample number of Online tests for practice
46 videos|48 docs|23 tests
Join Course
Download as PDF

Important Questions for Industries Policy (Pre & Post 1991)

Find all the important questions for Industries Policy (Pre & Post 1991) at EduRev.Get fully prepared for Industries Policy (Pre & Post 1991) with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Industries Policy (Pre & Post 1991) syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Industries Policy (Pre & Post 1991) resources.

Industries Policy (Pre & Post 1991) MCQs with Answers

Prepare for the Industries Policy (Pre & Post 1991) within the B Com exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Industries Policy (Pre & Post 1991) Indian Economy

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Industries Policy (Pre & Post 1991) with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup