Which of the following statement (s) is/are correct?

Statement 1: As per Industrial Resolution of 1948, the private sector was kept under state control through a system of licenses. 

Statement 2: The Licensing policy was used by government  for promoting industry in backward regions.

Only Statement 2 is correct.

In accordance with the goal of the state controlling the commanding heights of the economy, the Industrial Policy Resolution of 1956 was adopted. The first category comprised industries which would be exclusively owned by the government; the second category consisted of industries in which the private sector could supplement the efforts of the public sector, with the government taking the sole responsibility for starting new units; the third category consisted of the remaining industries which were to be in the private sector. Although there was a category of industries left to the private sector, the sector was kept under state control through a system of licenses. No new industry was allowed unless a license was obtained from the government. This policy was used for promoting industry in backward regions; it was easier to obtain a license if the industrial unit was established in an economically backward area