Question

What is the impact of industrialization policies?
a. Employment has increased
b. Industrial units have increased
c. Employment has decreased
d. Both A&B

Answer 1

Hint:
Industrial policy means rules, regulations, principles, policies, procedures laid down by the government for arranging and controlling industrial undertakings in the country. It incorporates fiscal and monetary policies, tariff policy and labour policy. This po0licy shows the government attitude, especially towards the public and private sectors.


Complete step by step solution:
The industrial policy advises the respective role of the public, private, joint, large, cooperative, medium and small scale sectors for the development of the industries.

Objectives:
To continue a sustained growth and productivity
To increase gainful employment
To prevent undue concentration of economic power
To achieve optimal utilization of human resources
To get international competitiveness
To transform India into a major partner and player in the global arena

Industrial policies- history:
 Industrial policy resolution of $1948$
Industrial policy resolution of $1956$
Industrial policy resolution of $1973$
Industrial policy resolution of $1977$
Industrial policy resolution of $1980$
The new industrial policy of $1991$

impact of industrialization policies was employments have increased and industrial units have increased. economically, industrialization is the social and economic transformation of human society from agrarian to industrial. Its environmental defects contain pollution of water, air and soil that can result in significant deterioration of quality of life.


Hence, the correct answer is option D.

Note:
Small scale sectors are industries in which the manufacturing, production and providing of services are done on small scale. Medium-scale sectors are industries which possess $30$ million to $100$ million rupees as fixed capital. Large scale sectors are industries which possess above $100$ million rupees as fixed capital.