2012 · Q48
Which of the following statements is true about Industrial Policy since 1991 ?
Indian EconomyGrowth and sectors
- AOnly 5 industries related to security, strategic and environmental concerns require industrial License.
- BAn investor need not file an industrial entrepreneur Memorandum.
- CThere is no reservation of products for production in small scale sectors.
- DThe number of industries reserved for public sector has been enhanced.
Explanation
The New Industrial Policy of 1991 abolished industrial licensing for most industries, retaining it only for 5 industries involving security, strategic and environmental concerns. Investors in delicensed industries still filed an Industrial Entrepreneur Memorandum (option B wrong), small-scale product reservation continued (option C wrong), and industries reserved for the public sector were reduced, not enhanced (option D wrong). Hence option A.