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

Achieving international competitiveness

Promoting foreign direct investment

Ensuring self-reliance in all sectors

Encouraging import-dependent industries

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

Industrial Finance Corporation of India (IFCI)

International Monetary Fund (IMF)

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

Focusing on agricultural self-sufficiency

Prioritizing domestic manufacturing over exports

Achieving self-reliance through import substitution

Earning foreign exchange through exports

What was a significant change introduced by the New Industrial Policy (NIP) of 1991?

Increased state intervention in industrial development

Expansion of import-substitution policy

Emphasis on public sector growth

Liberalization and promotion of competitiveness

What does the term "industrial policy" refer to?

Procedures for agricultural development

Guidelines for international trade

Government's approach to industrial sector development

Policies for social welfare programs

What was the main focus of the import-substitution policy in India?

Promoting export-oriented industries

Encouraging foreign direct investment

Boosting domestic manufacturing of imported goods

Enhancing the agricultural sector

What is the main objective of the Competition Act, 2002?

Encouraging monopolies for economic growth

Uplifting small-scale industries

Promoting healthy competition in the market

How did the New Industrial Policy (NIP) of 1991 impact foreign investment in India?

It restricted foreign investment to strategic sectors only

It discouraged foreign investment through stringent regulations

It encouraged foreign investment and relaxed restrictions

It promoted foreign investment only from specific countries

What was the purpose of the Monopolies and Restrictive Trade Practices (MRTP) Act, 1969?

Promoting foreign trade practices

Preventing concentration of economic power

Supporting small-scale industries

Industries Policy (Pre and Post 1991) Free MCQ Practice Test with Solutions

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)

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.

Education Revolution