Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

If government declares a sector as a priority industry, what effect can it have on business?

Answer and explanation

Correct answer: Support and opportunities may increase in that sector

The governing concept is the effect of political policy on business opportunities. When the government identifies a sector as a priority industry, it may direct attention and resources toward that sector through incentives, subsidies, easier finance, infrastructure, procurement support or favourable programmes. Therefore, option A is correct: support and opportunities may increase in that sector. The wording “may” is important because a priority declaration creates favourable possibilities, not an automatic guarantee of success. Option B is an unjustified universal conclusion, while C and D are unrelated. Government priority does not inherently eliminate customer demand or cause technology to disappear; it generally signals encouragement and possible expansion.

Related tags

Business-EnvironmentPolitical-EnvironmentPriority-IndustryClass-12Political EnvironmentBusiness EnvironmentBusiness StudiesClass 12 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.