Which of the following statements is/are correct regarding the New Industrial Policy, 1991.
a) Aim is to free the domestic entrepreneur from the restrictions of MRTP act.
b) Areas where security and strategic concerns predominate, will continue to be reserved for the Public sector.
c) In order to invite foreign investment in high priority industries, requiring large investments and advanced technology, it has been decided to provide approval for direct foreign investment upto 27% foreign equity in such industries.
1. a only
2. b only
3. a and b only
4. a and c only