Identify correct statement from the following :

A. IPR-1956 divided industries into four categories.

B. Under utilisation of capacity results in industrial backwardness.

C. Indian opted for mixed economy system.

D. Industrial policy of 1956 laid emphasis on the role of private sector.

Choose the correct answer from the options given below :

B and C only

The correct answer is option (2) : B and C only

A. IPR-1956 divided industries into four categories. : This statement is incorrect because the Industries (Development and Regulation) Act, 1951 categorized industries into three schedules  : i) Schedule A Industries or Government Enterprises; ii) Schedule B Industries or Mixed Enterprises; iii) Schedule C Industries or Private Enterprises.

B. Under utilisation of capacity results in industrial backwardness. This statement is correct. When factories aren't producing at their full potential, it hurts overall output, innovation, and job creation, leading to industrial backwardness.

C. Indian opted for mixed economy system. This statement is correct. India adopted a mixed economy system, combining elements of both capitalism and socialism, with a significant role for the government in economic planning and regulation.

D. Industrial policy of 1956 laid emphasis on the role of private sector. This statement is incorrect. The Industrial Policy Resolution of 1956 emphasized a dominant role for the public sector and focused on state-led industrialization.