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The third Industrial Policy of India is going to be launched with the objective of making India a manufacturing hub. It will replace which of the following earlier industrial policies?

1. Industrial Policy, 1956
2. Industrial Policy, 1984
3. Industrial Policy, 2014
4. Industrial Policy, 1991

Correct answer: Industrial Policy, 1991

Solution

The Industrial Policy of 1991 is the landmark policy associated with liberalisation and major economic reforms. The new policy is intended to replace that framework.

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