McqMate
| Q. |
Industrial exit policy means - |
| A. | forcing foreign companies to leave India |
| B. | forcing business units to move out of congested localities |
| C. | allowing manufacturers to shift their line of products |
| D. | allowing business units to close down |
| Answer» D. allowing business units to close down | |
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Explanation: The term 'exit' is the obverse of the term 'entry' into industry. It refers to the right or ability of an industrial unit to withdraw from or leave an industry or in other words to close down. The proposal to introduce an exit policy was first mooted in 1991 when it was felt that without labor market flexibility, efficient industrialization would be difficult to achieve. |
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