Arrange the following steps of the early planning period in the order in which they took place:
(A) The Planning Commission was set up with the Prime Minister as its Chairperson.
(B) The ‘Industrial Policy Resolution’ that, along with the Directive Principles, reflected the outlook of a mixed economy was adopted.
(C) The Karve Committee noted the possibility of using small-scale industries for promoting rural development.
(D) The resolution that classified industries into three categories and formed the basis of the Second Five Year Plan was adopted.
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (B), (A), (C), (D)
(B) The ‘Industrial Policy Resolution’ that, along with the Directive Principles, reflected the outlook of a mixed economy was adopted. — 1948. This resolution and the Directive Principles reflected the outlook of a mixed economy.
(A) The Planning Commission was set up with the Prime Minister as its Chairperson. — 1950. The era of five year plans began.
(C) The Karve Committee noted the possibility of using small-scale industries for promoting rural development. — 1955. This is the Village and Small-Scale Industries Committee.
(D) The resolution that classified industries into three categories and formed the basis of the Second Five Year Plan was adopted. — 1956. IPR 1956 was adopted for the Second Plan.
NCERT (2026-27): “2.1 Introduction … In this view, India would be a socialist society with a strong public sector but also with private property and democracy; the government would plan (see Box 2.2) for the economy with the private sector being encouraged to be part of the plan effort. The ‘Industrial Policy Resolution’ of 1948 and the Directive Principles of the Indian Constitution reflected this outlook. In 1950, the Planning Commission was set up with the Prime Minister as its Chairperson. The era of five year plans had begun.” “2.4 Industry and Trade … Industrial Policy Resolution 1956 (IPR 1956): In accordance with the goal of the state controlling the commanding heights of the economy, the Industrial Policy Resolution of 1956 was adopted. 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. This resolution classified industries into three categories. …” “… Small-Scale Industry: In 1955, the Village and Small-Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development. …” |