Question

The New Industrial Policy (1991) aims to make changes in ____________________.

• A. Industrial licensing, Foreign Investment and Public Sector Management
• B. Foreign Technology Agreements and Monopolies and Restrictive Trade Practices Act
• C. Foreign Investment and Foreign Technology Agreements
• D. Both (A) and (B)

Answer 1

The correct option is D Both (A) and (B)

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 New Industrial Policy aims to make changes in:

a) Industrial licensing, Foreign Investment and Public Sector Management

b) Foreign Technology Agreements and Monopolies and Restrictive Trade Practices Act.