[amp_mcq option1=”Statement (I) is correct, but (II) is incorrect” option2=”Statement (II) is correct, but (I) is incorrect” option3=”Both Statements (I) and (II) are correct” option4=”Both Statements (I) and (II) are incorrect” correct=”option3″]<\/p>\n
The correct answer is: C. Both Statements (I) and (II) are correct.<\/strong><\/p>\n Statement (I) is correct because the industrial policy of the Government of India is aimed at increasing the tempo of industrial development. The policy aims to achieve this by promoting investment, innovation, and entrepreneurship. It also aims to improve the competitiveness of Indian industries in the global market.<\/p>\n Statement (II) is also correct because after the New Industrial Policy – 1991, the Balance of Trade for India has always been positive. This means that India has been exporting more goods and services than it has been importing. This is a positive development for the Indian economy as it indicates that the country is becoming more competitive in the global market.<\/p>\n Here is a brief explanation of each option:<\/p>\n [amp_mcq option1=”Statement (I) is correct, but (II) is incorrect” option2=”Statement (II) is correct, but (I) is incorrect” option3=”Both Statements (I) and (II) are correct” option4=”Both Statements (I) and (II) are incorrect” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-52246","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n\n