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Standard XII
Economics
Question

As a result of the New Industrial Policy of 1991, ____________.


  1. The public sector has been stripped off all its power
  2. The public sector has been given the commanding heights of the economy
  3. The public sector's management has been passed over to the private sector
  4. The public sector's portfolio will be reviewed with greater realism. The focus will be on strategic high tech and essential infrastructure industries

A
The public sector has been stripped off all its power
B
The public sector has been given the commanding heights of the economy
C
The public sector's portfolio will be reviewed with greater realism. The focus will be on strategic high tech and essential infrastructure industries
D
The public sector's management has been passed over to the private sector
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Solution
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New Industrial Policy, 1991 aimed to liberalise the economy by removing the hurdles in industrial growth. An important step taken in this context is that the public sector's portfolio will be reviewed with greater realism. The focus will be on strategic high technology and essential infrastructure industries. This would improve the performance of the public sector units.

Thus, the correct answer is C.

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