CA Foundation Exam > CA Foundation Questions > Under the New Industrial Policy, 1991:a)The s...
Start Learning for Free
Under the New Industrial Policy, 1991:
- a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.
- b)The system of phased manufacturing programme will be applicable to new projects.
- c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.
- d)None of the above.
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Under the New Industrial Policy, 1991:a)The system of phased manufactu...
New Industrial Policy, 1991 and Phased Manufacturing Programme
Under the New Industrial Policy, 1991, the government introduced several reforms to promote industrialization in India. One of the significant changes was the abolishment of the system of phased manufacturing programme.
Explanation:
• The phased manufacturing programme was a policy that mandated the local production of components or sub-assemblies by foreign companies that wanted to manufacture finished products in India.
• The policy aimed to boost domestic manufacturing and reduce imports of finished products.
• However, it was found that the policy was not very effective in achieving its objectives. It led to increased costs for foreign companies and also created bureaucratic hurdles, which resulted in delays and inefficiencies.
• To address these issues, the government decided to discontinue the policy for new projects under the New Industrial Policy, 1991.
• The decision to abolish the phased manufacturing programme was taken to attract foreign investment and promote the growth of the manufacturing sector in India.
• The new policy did not require foreign companies to follow the phased manufacturing programme and allowed them to import components or sub-assemblies for their manufacturing operations in India.
• This change was expected to improve the ease of doing business in India and make the country more attractive to foreign investors.
Conclusion:
In conclusion, under the New Industrial Policy, 1991, the system of phased manufacturing programme was not applicable to new projects. The government abolished the policy to promote foreign investment and simplify the process of manufacturing in India.
Under the New Industrial Policy, 1991, the government introduced several reforms to promote industrialization in India. One of the significant changes was the abolishment of the system of phased manufacturing programme.
Explanation:
• The phased manufacturing programme was a policy that mandated the local production of components or sub-assemblies by foreign companies that wanted to manufacture finished products in India.
• The policy aimed to boost domestic manufacturing and reduce imports of finished products.
• However, it was found that the policy was not very effective in achieving its objectives. It led to increased costs for foreign companies and also created bureaucratic hurdles, which resulted in delays and inefficiencies.
• To address these issues, the government decided to discontinue the policy for new projects under the New Industrial Policy, 1991.
• The decision to abolish the phased manufacturing programme was taken to attract foreign investment and promote the growth of the manufacturing sector in India.
• The new policy did not require foreign companies to follow the phased manufacturing programme and allowed them to import components or sub-assemblies for their manufacturing operations in India.
• This change was expected to improve the ease of doing business in India and make the country more attractive to foreign investors.
Conclusion:
In conclusion, under the New Industrial Policy, 1991, the system of phased manufacturing programme was not applicable to new projects. The government abolished the policy to promote foreign investment and simplify the process of manufacturing in India.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer?
Question Description
Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer?.
Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Under the New Industrial Policy, 1991:a)The system of phased manufacturing programme approved on case to case basis will not be applicable to new projects.b)The system of phased manufacturing programme will be applicable to new projects.c)The system of phased manufacturing programmes will be applicable to new projects costing more than 10 crores.d)None of the above.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© 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