Which of the Following Statements About India's Initial Economic Strategy

question 52

Multiple Choice

Which of the following statements about India's initial economic strategy, which it adopted after Independence, is INCORRECT?

• A) India's strategy involved state planning, while allowing for a role for private entrepreneurs.
• B) This strategy included heavy tariffs in order to protect domestic industry.
• C) This strategy enabled the country to build up an impressive industrial base fairly quickly.
• D) India's economic development strategy included the creation of large public enterprises.
• E) To achieve economic development, India streamlined government red tape to increase the start-up and expansion of private industries.

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Definitions:

Centerline

A reference line drawn on a graph or chart that represents the average, norm, or expected value of a set of data or a process control chart.

Process Capability Index

A measure used to quantify how well a process can meet specified output requirements.

Specification Limits

The bounds within which the values of a product, process, or service must lie to meet quality standards.

Proportion Of Defectives

The ratio or percentage of defective items in a batch or production process, indicating the quality or reliability of the manufacturing process.