Self Studies
Self Studies
Self Studies
Self Studies

Business Environment Test - 16

Result Self Studies

Business Environment Test - 16
  • Score

    -

    out of -
  • Rank

    -

    out of -
TIME Taken - -
Self Studies

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Self Studies Self Studies
Weekly Quiz Competition
  • Question 1
    1 / -0
    The Priority areas of the Public Sector Industries, according to the New Industrial Policy, 1991 are _______.
    1. Essential infrastructural goods and services
    2. Exploration and exploitation of oil and mineral resources
    3. Technology development and building up of manufacturing capacities in crucial areas
    4. Manufacturing of product, based on strategic considerations
    Which are correct?
    Solution
    New Industrial Policy was adopted by the Government of India in the year of 1991. It was adopted in order to create a more freer and competitive economy. The main objective of any industrial policy is to augment industrial production and thereby enhance industrial growth.
    The Priority Areas of the Public Sector Industries, according to the New Industrial Policy, 1991 are:-1. Essential infrastructural goods and services
    2. Exploration and exploitation of oil and mineral resources
    3. Technology development and building up of manufacturing capacities in crucial areas
    4. Manufacturing of products, based on strategic considerations
    Hence, option (D) is the correct answer.
  • Question 2
    1 / -0
    As per NIP, 1991,
    1. The public sector units were made more professional
    2. The public sector units were given greater autonomy
    3. The private sector units were made professional
    4. The private sector units are given autonomy
    Which are incorrect?
    Solution
    New Industrial Policy was adopted by the Government of India in the year of 1991. It was adopted in order to create a more freer and competitive economy. The main objective of any industrial policy is to augment industrial production and thereby enhance industrial growth. As per NIP, 1991,
    a) The private sector units were made professional.
    b) The private sector units are given autonomy.Hence, option (C) is the correct answer.
  • Question 3
    1 / -0
    The MRTP Act and NIP, 1991 was made applicable to _______________.
    Solution
    The MRTP Act helped tor remove restrictions and controls which were put on the industrial sector before 1991. The MRTP Act and NIP, 1991 was made applicable to all undertakings including financial institutions. Government undertakings engaged in the production of the following would continue to be kept out of the purview of the MRTP Act. and New Industrial policy 1991.
    Hence, option (D) is the correct answer.
  • Question 4
    1 / -0
    The use of advanced technology in industrial production causes ______.
    Solution
    Use of advanced technology helps to fasten industrial productivity which in turn helps to uplift the economy. The use of advanced technology in industrial production causes:
    a) Fall in the unit cost of production and prices
    b) Increase in the demand for goods
    c) Increase in the demand for labour. Hence, option (D) is the correct answer.
  • Question 5
    1 / -0
    In the New Industrial Policy, 1991 Industrial licensing will be compulsory for ______________________.
    Solution
    In the New Industrial Policy, 1991 Industrial licensing will be compulsory for 18 industries. New Industrial Policy was adopted by the Government of India in the year of 1991. It was adopted in order to create a more freer and competitive economy. The main objective of any industrial policy is to augment industrial production and thereby enhance industrial growth.
    Hence, option (C) is the correct answer.
  • Question 6
    1 / -0
    In the New Industrial Policy 1991, direct foreign investment in high priority industries will be allowed upto __________.
    Solution
    In the New Industrial Policy 1991, direct foreign investment in high-priority industries will be allowed up to 51%. New Industrial Policy was adopted by the Government of India in the year of 1991. It was adopted in order to create a more free and competitive economy. The main objective of any industrial policy is to augment industrial production and thereby enhance industrial growth.
    Hence, option (D) is the correct answer.
  • Question 7
    1 / -0
    In the New Industrial Policy 1991, the asset limit of MRTP Companies is _____.
    Solution
    In the New Industrial Policy, 1991, the asset limit of MRTP Companies is no limit. New Industrial Policy, 1991 can be referred to as a reform in Indian economy. It caused several changes in the industrial sector. It helped to create a more free economy and competitive business environment.
    Hence, option (D) is the correct answer.
  • Question 8
    1 / -0
    Which of the following are the criticism points of New Industrial Policy, 1991?
    1. Total departure from Nehruvian concept of socialism
    2. Tilting towards capitalism and open invitation to multinationals
    3. Opening India's market to Multi-nationals does not guarantee more export of Indian goods
    4. Labour unions oppose the New Industrial Policy
    Choose the correct?
    Solution
    New Industrial Policy was adopted by the Government of India in the year of 1991. It was adopted in order to create a more free and competitive economy. The main objective of any industrial policy is to augment industrial production and thereby enhance industrial growth. Following are the criticism points of New Industrial Policy, 1991.
    1. Total departure from Nehruvian concept of socialism.
    2. Tilting towards capitalism and an open invitation to multinationals.
    3. Opening India's market to Multinationals does not guarantee more export of Indian goods.
    4. Labour unions oppose the New Industrial Policy.    Hence, option (D) is the correct answer.
  • Question 9
    1 / -0
    In the New Industrial Policy, 1991 industrial licensing had been abolished for the following Industries _______.
    Solution
    In the New Industrial Policy, 1991 industrial licensing had not been abolished from the following industries- coal and lignite, paper and Newsprint, and drugs and pharmaceutical. New Industrial Policy was adopted by the Government of India in the year of 1991. It was adopted in order to create a more freer and competitive economy. The main objective of any industrial policy is to augment industrial production and thereby enhance industrial growth. Hence, option (D) is the correct answer.
  • Question 10
    1 / -0
    The Present Industrial Policy in India was introduced on ____________.
    Solution
    The Present Industrial Policy in India was introduced on July 24, 1991. New Industrial Policy was adopted by the Government of India in the year of 1991. It was adopted in order to create a more freer and competitive economy. The main objective of any industrial policy is to augment industrial production and thereby enhance industrial growth.
    Hence, option (C) is the correct answer.
Self Studies
User
Question Analysis

  • Correct -

  • Wrong -

  • Skipped -

My Perfomance
  • Score

    -

    out of -
  • Rank

    -

    out of -
Re-Attempt Weekly Quiz Competition
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now