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Industries Development and Regulation Act (IDRA), 1951
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Industries Development and Regulation Act (IDRA), 1951

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Questions and Answers

What is the main purpose of the Industries Development and Regulation Act (IDRA), 1951?

  • To provide tax breaks to foreign investors in Indian industries
  • To promote the growth of all industries in India
  • To abolish regulations on all industries in India
  • To regulate and develop certain specific industries in India (correct)
  • What is the significance of the IDRA, 1951?

  • It aimed to regulate and develop specific industries for the country's economic growth (correct)
  • It aims to nationalize all industries in India
  • It seeks to modernize traditional industries in India
  • It paved the way for privatization of industries in India
  • What challenges have been associated with the IDRA, 1951?

  • Lack of regulations leading to chaos in industries
  • Inability to attract foreign investment in Indian industries
  • Limited scope for government intervention in industries
  • Excessive bureaucratic control over industries (correct)
  • What impact did the IDRA, 1951, have on Indian industries?

    <p>Facilitation of rapid growth and development of certain industries</p> Signup and view all the answers

    Study Notes

    The Industries Development and Regulation Act (IDRA), 1951, is an important Act in India that has been enacted to provide for the development and regulation of certain industries. The Act has been amendments and has underw [31st October, 1951] An Act to provide for the development and regulation of certain industries. The objectives of IDRA, provisions, impact, challenges, and amendments to the Act [100] [101] [102] [103] [104] [105] [106] [107] [108] [109] [110] [111] [112] [113] [114] [115] [116] [117] [118] [119] [120] [121] [122] [123] [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [137] [138] [139] [140] [141] [142] [143] [144] [145] [146] [147] [148] [149] [150] [151] [152] [153] [154] [155] [156] [157] [158] [159] [160] [161] [162] [163] [164] [165] [166] [167] [168] [169] [170] [171] [172] [173] [174] [175] [176] [177] [178] [179] [180] [181] [182] [183] [184] [185] [186] [187] [188] [189] [190] [191] [192] [193] [194] [195] [196] [197] [198] [199] [200] [201] [202] [203] [204] [205] [206] [207] [208] [209] [210] [211] [212] [213] [214] [215] [216] [217] [218] [219] [220] [221] [222] [223] [224] [225] [226] [227] [228] [229] [230] [231] [232] [233] [234] [235] [236] [237] [238] [239] [240] [241] [242] [243] [244] [245] [246] [247] [248] [249] [250] [251] [252] [253] [254] [255] [256] [257] [258] [259] [260] [261] [262] [263] [264] [265] [266] [267] [268] [269] [270] [271] [272] [273] [274] [275] [276] [277] [278] [279] [280] [281] [282] [283] [284] [285] [286] [287] [288] [289] [290] [291] [292] [293] [294] [295] [296] [297] [298] [299] [300] [301] [302] [303] [304] [305] [306] [307] [308] [309] [310] [311] [312] [313] [314] [315] [316] [317] [318] [319] [320] [321] [322] [323] [324] [325] [326] [327] [328] [329] [330] [331] [332] [333] [334] [335] [336] [337] [338] [339] [340] [341] [342] [343] [344] [345] [346] [347] [348] [349] [350] [351] [352] [353] [354] [355] [356] [357] [358] [359] [360] [361] [362] [363] [364] [365] [366] [367] [368] [369] [370] [371] [372] [373] [374] [375] [376] [377] [378] [379] [380] [381] [382] [383] [384] [385] [386] [387] [388] [389] [390] [391] [392] [393] [394] [395] [396] [397] [398] [399] [400] [401] [402] [403

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    Description

    This quiz covers the objectives, provisions, impact, challenges, and amendments of the Industries Development and Regulation Act (IDRA), which was enacted in India to provide for the development and regulation of certain industries. Gain insights into the historical background and key aspects of this significant legislation.

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