Multiple choice

Under NIP, for MRTP the threshold limit of assets was

  1. added

  2. removed

  3. unchanged

  4. simplified

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the New Industrial Policy (NIP), the asset threshold limit for MRTP (Monopolies and Restrictive Trade Practices) Act was removed. This ended the requirement for prior government approval for large investments, thereby liberalizing the industrial licensing regime.