In the New Industrial Policy, 1991 Industrial licensing will be compulsory for ______________________.
A
10 industries
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B
15 industries
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C
18 industries
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D
20 industries
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Solution
The correct option is C 18 industries In the New Industrial Policy, 1991 Industrial licensing will be compulsory for 18 industries. 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.