The Industrial policies till 1991 led to which of the outcomes

1. Export competitiveness of Indian produce
2. Technological backwardness

Which of the above statement are correct?

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is B
2 only
Devoid of competition, Indian industry lacked technological competence. As such they lacked export competitiveness too.

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Similar questions

Policy	Feature
1. Industrial Policy Resolution, 1956	Private sector is barred from managing industries
2. Industrial Policy Statement, 1980	Industrial Policy Statement, 1980 Restrictive Trade Practices Act
3. New Industrial Policy, 1991	Declared Indian economy as mixed Economy

1991

Policy	Feature
1.Industrial Policy Resolution, 1956	Private sector is barred from managing industries
2.Industrial Policy Statement, 1980	Abolished the Monopolies Restrictive Trade Practices Act
3. New Industrial Policy, 1991	Declared Indian economy as mixed Economy

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