Classical

Business Environment - Business Environment MCQ

51:  
Assertion (A). The new Industrial policy was announced on July 24, 1991.
Reason (R). The new industrial policy was announced by the V.P. Singh Government.
A.
Both (A) and (R) are true and (R) is the correct explanation of (A).
B.
Both (A) and (R) are true but (R) is not the correct explanation of (A).
C.

(A) is true but (R) is false.

D.

(A) is false but (R) is true.

 
 

Option: A

Explanation :


52:  
Assertion (A) . Industrialisation of an economy is considered synonymous with growth.
Reason (R). The transfer of resources from agriculture to industry may be capital or labour or both.

 

A.
Both (A) and (R) are true and (R) is the correct explanation of (A).
B.
Both (A) and (R) are true but (R) is not the correct explanation of (A).
C.

(A) is true but (R) is false.

D.

(A) is false but (R) is true.

 
 

Option: B

Explanation :


53:  
Assertion (A). In 1991 only 4 industries are reserved for public sector.
Reason (R). Industrial Policy 1991 define MRTP firm as companies with turn over of Rs. 20 crore.
A.
Both (A) and (R) are true and (R) is the correct explanation of (A).
B.
Both (A) and (R) are true but (R) is not the correct explanation of (A).
C.

(A) is true but (R) is false.

D.

(A) is false but (R) is true.

 
 

Option: C

Explanation :


54:  
Assertion (A). In 1991 government decided to allow all foreign investment to any industries without any restrictions.
Reason (R). Government has enhanced the investment limit of small scale industries units.
A.
Both (A) and (R) are true and (R) is the correct explanation of (A).
B.
Both (A) and (R) are true but (R) is not the correct explanation of (A).
C.

(A) is true but (R) is false.

D.

(A) is false but (R) is true.

 
 

Option: D

Explanation :




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