Consider the following statements regarding the New Industrial Policy of 1991: 1. It abolished industrial licensing for most industries. 2. It allowed Foreign Direct Investment (FDI) up to 51% in selected sectors. 3. It strengthened the control of the MRTP Act over big business houses. Which of the above statements is/are correct?

Options:

• A: 1 and 3 only
• B: 1, 2 and 3
• C: 1 and 2 only
• D: 2 and 3 only

Related Practice Questions:

• Why is copper considered highly pure and extensively used in religious rituals by Hindus today according to the historical context of natural resources?
• Which of the following regions is described by R.S. Sharma as "the most coveted and contested area" fought over by important ruling powers in northern India?
• Paper currency was not used in ancient India. In which century was paper currency finally introduced to India?
• The earliest agricultural settlements and states in ancient northern India were founded along the Himalayan foothills (the "terai" route) during which period?