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)
To arrange these events in chronological order, let's identify the year each one took place:
- (C) Incorporation of Tata Iron and Steel Company (TISCO): Established by Jamsetji Tata and registered on August 26, 1907, in Jamshedpur.
- (B) Establishment of Tata Airlines: Founded by J.R.D. Tata in 1932 (it later became Air India).
- (A) Setting up of the Planning Commission of India: Established by a Resolution of the Government of India in March 1950.
- (D) Adoption of the Industrial Policy Resolution: While there was a resolution in 1948, the landmark resolution that shaped the "Mahalanobis Model" of development was adopted in 1956.