Tag: industrialisation and urbanisation

Social harmony means that the people who live around and near each other get along and cooperate to make everything better for everyone exchanging each other's social and cultural customs and traditions. So, the harmony gets disturbed or disrupted when any one of the parties follow themselves into a crime.

There will be lesser social harmony as there would be a mixture of many different kind of people. Modernization would be slowed down as there will be many more people to cater to to provide basic needs. 

The Industrial Policy Statement was issued in 1991, but it is typically referred to as the New Industrial Policy. Option D is marked as the incorrect combination, likely because the 1991 policy is a major reform package rather than just a 'statement'.

Statement I is correct as the policy aimed to boost industrial development. Statement II is incorrect because India's balance of trade has frequently been negative due to high imports, especially of oil and capital goods.

The 1991 policy aimed to increase competition by opening the Indian market to foreign investment and reducing trade barriers, not by limiting exposure to foreign competition.

In Indian industrial classification, units with very low investment in plant and machinery (historically up to 5 lakhs) are categorized as 'tiny units'.

Industrial production targets in India have often been missed due to a combination of technical issues, power shortages, financial constraints, labor unrest, and inadequate planning.

Both Alliance Air and Air India Charters Limited were established as subsidiaries to handle specific segments of Air India's operations, such as regional connectivity and low-cost international charters.

Multilateral trade agreements are treaties between three or more countries to reduce trade barriers and facilitate commerce between the participating nations.