Question:
Which one of the following is NOT a feature of the New Industrial Policy, 1991?
Which one of the following is NOT a feature of the New Industrial Policy, 1991?
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Remember — 1991 reforms focused on Liberalization, Privatization, and Globalization (LPG). So, any option that suggests restriction or control is incorrect.
Updated On: Dec 5, 2025
- Abolition of industrial licensing
- Privatisation of public industries
- Removal of restrictions on foreign trade
- Restrictions on foreign technology agreements
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The Correct Option is D
Solution and Explanation
Step 1: Understanding the New Industrial Policy, 1991.
The 1991 policy aimed at liberalization, privatization, and globalization to improve efficiency and competitiveness in the Indian economy.
Step 2: Key features.
It included abolition of industrial licensing, encouragement of private sector participation, and removal of restrictions on foreign trade and technology.
Step 3: Identifying the incorrect feature.
Option (D) — “Restrictions on foreign technology agreements” — contradicts the policy’s intent, which was to promote such collaborations, not restrict them.
Step 4: Conclusion.
Hence, the incorrect statement and thus the correct answer is (D).
The 1991 policy aimed at liberalization, privatization, and globalization to improve efficiency and competitiveness in the Indian economy.
Step 2: Key features.
It included abolition of industrial licensing, encouragement of private sector participation, and removal of restrictions on foreign trade and technology.
Step 3: Identifying the incorrect feature.
Option (D) — “Restrictions on foreign technology agreements” — contradicts the policy’s intent, which was to promote such collaborations, not restrict them.
Step 4: Conclusion.
Hence, the incorrect statement and thus the correct answer is (D).
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