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GK MCQs Section
Q. In which of the following Industrial Policy Statements , Tiny Unit was defined for the very first time in India?
Answer: Industrial Policy Statement 1977
Notes: The correct answer is "Industrial Policy Statement 1977." This policy was important as it introduced the definition of "Tiny Units" in India, which referred to small-scale industries with an investment limit to promote entrepreneurship and employment. The 1977 policy aimed to enhance the role of small industries in the economy, reflecting a shift towards more inclusive industrial development.

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