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.
Answer & explanation
Correct answer: option 3
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.