GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In the Industrial Policy of 1991, how many industries were reserved only for Public Sector?
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10
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8
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15
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13
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Explanation:
Detailed explanation-1: -In 1991, only 8 industries were reserved for the public sector, they were restricted to atomic energy, arms and communication, mining and railways.
Detailed explanation-2: -Consequently at present just 2 industrial sectors are reserved for the public sector and rest are opened for the private players.
Detailed explanation-3: -The objective was to raise resources and encourage wider participation of the general public and workers in the ownership of these enterprises. The government had taken a decision to withdraw from the industrial sector and reduce its equity in all undertakings.
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