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      Question

      According to the Industrial Policy Statement of 1973,

      the private sector was allowed to apply for the license of their industry only after having a total assets of ₹ ____ or more.
      A 2 lakh Correct Answer Incorrect Answer
      B 20 lakh Correct Answer Incorrect Answer
      C 2 crore Correct Answer Incorrect Answer
      D 20 crore Correct Answer Incorrect Answer

      Solution

      According to the Industrial Policy Statement of 1973: the private sector was allowed to apply for the license of their industry only after having total assets of Rs. 20 crores or more.

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