Economics · Economic Reforms
Which statement best describes the change in the role of the public sector introduced by the New Industrial Policy of 1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The number of industries reserved for the public sector was significantly reduced to a core of strategic interests.✓
- 2PSUs were granted complete market autonomy and privatized simultaneously.
- 3The reserved list for public sector undertakings was eliminated entirely.
- 4Public sector undertakings were expanded into all service sectors.
Correct answer
The number of industries reserved for the public sector was significantly reduced to a core of strategic interests.
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