Subject: Economics
Book: Comprehensive Indian Economy
India’s industrial policy has transitioned from a tightly controlled regime—featuring licenses and quotas—to one encouraging private enterprise and FDI. Key phases include the 1956 Industrial Policy Resolution, liberalization post-1991, and recent initiatives like “Make in India.” Core challenges involve infrastructure bottlenecks, labor law rigidities, and technology gaps. MSMEs form the backbone, generating significant employment, but require better credit access and modern managerial practices. Students should explore how industrial corridors, export promotion strategies, and skill development programs shape sectoral growth and global competitiveness, especially in manufacturing and innovation-led industries.
What does “balance of trade” refer to?
View QuestionWhich of the following is an example of a public sector undertaking (PSU) in India?
View QuestionWhich of the following statements best defines Gross Domestic Product (GDP)?
View QuestionWhich of the following sectors contributes the most to India’s GDP?
View QuestionWhich of the following is NOT an example of a direct tax?
View QuestionWhat is the objective of the Goods and Services Tax (GST)?
View QuestionWhich of the following is a feature of a command economy?
View QuestionWhat is the “law of diminishing marginal utility”?
View QuestionWhat is the concept of “invisible hand” associated with?
View QuestionWhat is meant by “monetary policy”?
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