| I. Defence and strategic industries were to be the exclusive domain of the government. |
| II. Existing units in basic and key industries could continue in the private sector but no fresh private investment in these sectors was to be allowed. |
| III. Twenty important industries were allowed in private sector but under strict supervision of the state. |
| IV. All industries not covered by the above three categories were allowed in the private sector under general supervision of the state. |
A) Only I
B) I & II
C) II & III
D) All the above
Correct Answer: D
Solution :
Defense and strategic industries were to be the exclusive domain of the government. Existing units in basic and key industries could continue in the private sector but no fresh private investment in these sectors was to be allowed. Twenty important industries were allowed in private sector but under strict supervision of the state. All industries not covered by the above three categories were allowed in the private sector under general supervision of the state.
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