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Question
In the New Industrial Policy, 1991 industrial licensing had been abolished for the following Industries _______.
In the New Industrial Policy, 1991 industrial licensing had been abolished for the following Industries _______.
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Solution
The correct option is D None of the above
In the New Industrial Policy, 1991 industrial licensing had not been abolished from the following industries- coal and lignite, paper and Newsprint, and drugs and pharmaceutical. 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 (D) is the correct answer.
In the New Industrial Policy, 1991 industrial licensing had not been abolished from the following industries- coal and lignite, paper and Newsprint, and drugs and pharmaceutical. 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 (D) is the correct answer.
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