Question : Which industry was delicensed and allowed for automatic approval of foreign direct investment (FDI) in the 1991 economic policy?
Option 1: Telecom
Option 2: Aviation
Option 3: Banking
Option 4: Information technology
Correct Answer: Information technology
Solution : The correct answer is (d) Information technology
The industry that was delicensed and allowed for automatic approval of foreign direct investment (FDI) in the 1991 economic policy isInformation technology
The liberalization of the information technology sector in 1991 allowed for automatic approval of foreign direct investment. This policy change played a significant role in attracting foreign companies and investments into the Indian IT sector. It led to the growth of the IT industry, the establishment of software parks and special economic zones, and the emergence of India as a global IT hub
