Important Questions on New Industrial Policy for all Upcoming Competitive Exams

Important Questions on New Industrial Policy

Important Questions on New Industrial Policy / Questions on New Industrial Policy  /Important Question on New Industrial Policy (Economics) /Top Ten question on New Industrial Policy (Economics) / MCQ’s on New Industrial Policy (Economics) / Questions asked in previous year exams on New Industrial Policy (Economics)

Important Questions on New Industrial Policy

Important Questions on New Industrial Policy

After Independence, the first Industrial Policy was declared on April 6, 1948 by the then Union Industry Minister Mr. Shyama Prasad Mukherjee. This Policy established a base for mixed & controlled Economy in India and clearly divided the Industrial sectors into Private & Public sectors. Later on 1948 Industrial Policy was replaced by new Industrial Policy Resolution on April 30, 1956. In June 1991, Narsimha Rao Govt. took over Charge and liberalization was observed in the economy.

Important Questions on New Industrial Policy


1. The first Industrial Policy was declared on :
(a) April 10, 1948
(b) April 6, 1948
(c) April 6, 1949
(d) April 10, 1949


2. The first Industrial Policy divided the Industrial Sectors into _____ sectors.
(a) 1
(b) 2
(c) 3
(d) 4


3. The objective of Industrial Policy Resolution April 30,1956 was :
(a) Mixed & controlled Economy
(b) Capitalist Economy
(c) Socialistic Pattern of Society
(d) Mixed Economy


4. The New Industrial Policy, June 1991 was given by :
(a) Mr. Shyama Prasad Mukherjee
(b) Raja Ram Mohan Rai
(c) Manmohan Singh
(d) Narsimha Rao


5. What are the objectives of Industrial Policy 1991?
(a) Liberalisation
(b) Build-on Past Industrial achievements
(c) Making Indian Industry Internationally Competitive
(d) All of the above


Important Questions on New Industrial Policy


6. What were the Policy measures of New Industrial Policy 1991?
(a) Liberalising FDI
(b) Liberalising Licensing Policy
(c) Both (a) & (b)
(d) To provide employment opportunities


7. According to NIP, Area rescued for Public Sector are:
(a) Atomic Energy
(b) Railway Operation
(c) Hazardous Chemicals
(d) All of the above


8. How many Industries now require compulsory license for industries?
(a) 5
(b) 4
(c) 3
(d) 2


9. In respect of projects not covered under licensing the Industrial undertaking shall file a__________ with secretariat for Industrial Assistance.
(a) Articles of Association
(b) Memorandum
(c) Certificate
(d) None of these


10. The first industrial Policy 1948, was given by :
(a) Atal Bihari Vajpayee
(b) Mr. Shyama Prasad Mukherjee
(c) Narmisha Rao
(d) Indira Gandhi






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1. b
2. b
3. c
4. d
5. d
6. c
7. d
8. a
9. b
10. b


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