Backward Area License Purpose
View Complete Answer & Explanation
Question (English)
Easier licenses for industries in backward areas aimed to promote:
- Urban development
- Regional equality ✓ Correct
- Foreign investment
- Export growth
Explanation:
Correct Answer Explanation
The purpose was to promote regional equality.
Key Points:
- Units in backward areas received tax benefits and electricity at lower tariff.
- It was easier to obtain a license in economically backward areas.
📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990
This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.
