CBSE 2021 Class 12 Economics Term 1 Paper

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Question : 27
Total: 60
Which of the following is not a valid statement in the context or Industrial Policy Resolution (IPR) 1956?
(Choose the correct alternative)
Solution:  
(d) Goods produced by the small scale industries were dereserved.
Explanation: As per the industrial policy resolution 1956 to give fair and non-discriminatory treatment and to encourage small scale enterprises for removing regional disparities. These industries was incentivised by providing easy licensing and subsidisation of critical inputs like electricity and water. There is no provision of dereserving the good produced by the small scale industries.
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