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UPSC Economics Indian Economy / भारतीय अर्थव्यवस्था Question Bank Industries and Infrastructure

  • question_answer
          Consider the following statements:
    I. The policy listed out the various Appendix 1 industries that could be started by large business houses so that small industries were not driven out of business.
    II. The establishment of small and medium industries was encouraged.
    III. Private industries were encouraged to set up production units in rural areas and in backward areas with a vision to give thrust for the economic development of those areas.
    Which statement is /are correct regarding Industrial Policy 1973:

    A) I & II                            

    B) II & III

    C) Only III                        

    D) All the above

    Correct Answer: D

    Solution :

    The policy listed out the various Appendix 1 industries that could be started by large business houses so that small industries were not driven out of business. The establishment of small and medium industries was encouraged. Private industries were encouraged to set up production units in rural areas and in backward areas with a vision to give thrust for the economic development of those areas.


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