Question

As per NIP, 1991,
1. The public sector units were made more professional
2. The public sector units were given greater autonomy
3. The private sector units were made professional
4. The private sector units are given autonomy
Which are incorrect?

• A. 1 and 3
• B. 2 and 4
• C. 3 and 4
• D. 1 and 2

Answer 1

The correct option is C 3 and 4

As per NIP, 1991,

a) The private sector units were made professional.

b) The private sector units are given autonomy.New Industrial Policy was adopted by the Government of India in the year of 1991. It was adopted in order to create a more freer and competitive economy. The main objective of any industrial policy is to augment industrial production and thereby enhance industrial growth.Hence, option (C) is the correct answer.