Economics · Economy
Under the industrial reforms in India, the 'exit policy' for industries was designed to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Remove export subsidies on heavy and resource-intensive industries
- 2Permit sick and unviable business firms to close down their operations✓
- 3Legally protect loss-making public sector undertakings (PSUs) from liquidation
- 4Allow multinational corporations (MNCs) to enter the domestic market easily
Correct answer
Permit sick and unviable business firms to close down their operations
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