Question : During the year 1991-92, the industrial production recorded a ___________ growth of __________.
Option 1: negative; 1.1%
Option 2: positive; 0.6%
Option 3: positive; 1.1%
Option 4: negative; 0.9%
Correct Answer: positive; 0.6%
Solution : The correct answer is positive; 0.6% .
During the years 1991–92, industrial production recorded a positive growth of 0.6%. The New Industrial Policy of 1991 was implemented to liberate the industry from the shackles of the licensing system. The aim was to increase the competitive culture among the industries to benefit the public at large. Employment opportunities were increased.
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