The Priority areas of the Public Sector Industries, according to the New Industrial Policy, 1991 are _______.
1. Essential infrastructural goods and services
2. Exploration and exploitation of oil and mineral resources
3. Technology development and building up of manufacturing capacities in crucial areas
4. Manufacturing of product, based on strategic considerations
Which are correct?

1 and 3

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4 only

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2 and 3

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1, 2, 3 and 4

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Solution

The correct option is D 1, 2, 3 and 4
The Priority areas of the Public Sector Industries, according to the New Industrial Policy, 1991 are:-1. Essential infrastructural goods and services
2. Exploration and exploitation of oil and mineral resources
3. Technology development and building up of manufacturing capacities in crucial areas
4. Manufacturing of products, based on strategic considerations 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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