Arrange the following economic developments in India in chronological order of the year in which they took place, starting with the earliest to the most recent.
(A) Setting up of the Planning Commission of India
(B) Establishment of Tata Airlines
(C) Incorporation of Tata Iron and Steel Company (TISCO)
(D) Adoption of the Industrial Policy Resolution
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (C), (B), (A), (D)
Each development is placed by the year in which it took place.
(C) Incorporation of Tata Iron and Steel Company (TISCO) — 1907. The company was set up by Dorabji Tata, and its steel works at Jamshedpur began production in 1912.
(B) Establishment of Tata Airlines — 1932. J. R. D. Tata started the airline with a mail flight from Karachi to Bombay on 15 October 1932; it became Air India in 1946.
(A) Setting up of the Planning Commission of India — 15 March 1950, by a resolution of the Government of India, with Jawaharlal Nehru as its chairman.
(D) Adoption of the Industrial Policy Resolution — 30 April 1956. This resolution gave the public sector the leading role and placed industries in three schedules.
Note: India has had two Industrial Policy Resolutions: the first of 6 April 1948 and the second of 30 April 1956. The question does not say which one it means.
The 1948 resolution comes before the Planning Commission (1950), giving the order (C), (B), (D), (A), which is not among the options.
The 1956 resolution comes after it, giving the order (C), (B), (A), (D), which is Option (3).
So the question can only mean the 1956 resolution.