[amp_mcq option1=”The scope of the private sector has been enormously expanded” option2=”Public sector has been withdrawing partially or fully from several of the enterprises by divestment” option3=”The Indian industry is increasingly exposed to foreign competition” option4=”Monopoly or dominant position for public sector in most of the industries and control of the commanding heights of the economy by the public sector” correct=”option4″]
The correct answer is D.
The salient features of the industrial policy developments since 1991 are:
- The scope of the private sector has been enormously expanded.
- Public sector has been withdrawing partially or fully from several of the enterprises by divestment.
- The Indian industry is increasingly exposed to foreign competition.
- The government has adopted a policy of liberalization, deregulation, and globalization.
- The government has also adopted a policy of encouraging foreign direct investment (FDI).
- The government has also adopted a policy of promoting exports.
Option D is not a salient feature of the industrial policy developments since 1991 because the government has not adopted a policy of monopoly or dominant position for public sector in most of the industries. In fact, the government has adopted a policy of divestment of public sector enterprises.
The government has adopted a policy of liberalization, deregulation, and globalization in order to promote economic growth and development. The government has also adopted a policy of encouraging foreign direct investment (FDI) and promoting exports. These policies have helped to improve the performance of the Indian economy.