What was a major feature of the Industrial Policy Resolution, 1956?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → It classified industries into three categories.
The Industrial Policy Resolution of 1956 formed the basis of the Second Five Year Plan and classified industries into three categories:
Industries owned only by the State
Industries in which the private sector supplemented the State, with the State alone starting new units
The remaining industries, left to the private sector