Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Assertion: In accordance with the goal of the state controlling the commanding heights of the economy, the Industrial Policy Resolution of 1956 was adopted. 

Reasoning: This resolution formed the basis of the First Five Year Plan, the plan which tried to build the basis for a socialist pattern of society. 

Options:

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.

Assertion (A) is true but Reasoning (R) is not correct.

Assertion (A) is not true but Reasoning (R) is correct.

Correct Answer:

Assertion (A) is true but Reasoning (R) is not correct.

Explanation:

The correct answer is Option 3: Assertion (A) is true but Reasoning (R) is not correct.

Assertion: In accordance with the goal of the state controlling the commanding heights of the economy, the Industrial Policy Resolution of 1956 was adopted. This is correct

Reasoning: This resolution formed the basis of the First Five Year Plan, the plan which tried to build the basis for a socialist pattern of society. False. This resolution formed the basis of the Second Five Year Plan, the plan which tried to build the basis for a socialist pattern of society.