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What is a controlled industry ?
Any industry the control of which by the Union has been declared by any Central Act to be expedient in the public interest
Any industry the control of which by the State has been declared by any State Act to be expedient in the public interest
Any industry the control of which by the Municipal bodies has been declared by any Municipal Rules to be expedient in the public interest
Any industry the control of which by the State has been declared by any Central Act to be expedient in the public interest
A controlled industry refers to those sectors where the central government has declared it necessary to regulate operations to protect public interest:
- Option 1: Any industry the control of which by the Union has been declared by any Central Act to be expedient in the public interest - This is the correct definition. The central government may legislate over industries considered critical to public welfare under various central legislative powers. Correct Answer
- Option 2: Emphasis is on state control declared by a state act, lacking central involvement.
- Option 3: Focuses on municipal control, which is not relevant for major industrial regulation.
- Option 4: Involves state control but declared by a central act, which isn't typically how controlled industries are defined.
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