Question : How many industries are classified in the Industrial Policy Resolution 2022?
Option 1: Five
Option 2: Four
Option 3: Three
Option 4: Two
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Correct Answer: Three
Solution : The correct option is Three.
The three categories used by the Industrial Policy Resolution are:
1. Schedule A Industries: These are exclusively available for use by the public sector and the government enjoys a monopoly in some areas.
2. Schedule B Industries: The public and private sectors are welcome to participate in these industries. There is no public sector monopoly in these.
3. Schedule C Industries: All of these fall under the purview of the private sector. The government has little effect on how they operate or are regulated.
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