Which of the industries mentioned below require(s) a licence even after the New Economic Policy of 1991?

Defence goods

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Food items

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Electronic items

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Industrial explosives

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Industrial explosives
The policy of the government changed in 1991 when the economy took a liberal approach. Licences were no longer required for most of the industries, with exception of those manufacturing tobacco items, defence equipment, hazardous chemicals, and industrial explosives.

Suggest Corrections

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

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

Join BYJU'S Learning Program