46. Cottage industries refer to:
a) Small-scale industries in rural areas
b) Industries related to the production of handicrafts
c) Industries operating from homes
d) All of the above
47. Industrial policies aim to promote:
a) Industrialization and economic growth
b) Import substitution and protectionism
c) Technological innovation and development
d) All of the above
48. Which industrial policy aims to protect domestic industries from foreign competition?
a) Import substitution policy
b) Export promotion policy
c) Liberalization policy
d) Privatization policy
49. Export promotion policies focus on:
a) Encouraging domestic consumption
b) Increasing imports from other countries
c) Expanding exports to international markets
d) Allowing free market competition
50. Privatization policies involve:
a) Transferring state-owned enterprises to private ownership
b) Nationalizing private industries
c) Increasing government control over industries
d) Promoting foreign direct investment (FDI)
