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Industrial Economy Quiz MCQ Practice

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1. The Industrial Policy of 1991 in India significantly reduced the role of:

  1. A. Private sector entirely
  2. B. Foreign trade completely
  3. C. Industrial licensing (License Raj)
  4. D. Banking sector regulation
Answer: Industrial licensing (License Raj)
Explanation: Industrial licensing (License Raj) — verified fact for Industrial Economy Quiz.

2. The 'Make in India' initiative, launched to boost domestic manufacturing, was launched in which year?

  1. A. 2005
  2. B. 2019
  3. C. 2010
  4. D. 2014
Answer: 2014
Explanation: 2014 — verified fact for Industrial Economy Quiz.

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