IPR 1956, is one of the major terminologies used in "Economics". According to you, which of the following is the correct full form of the same?

Industrial Policy Resolution 

IPR 1956 stands for "Industrial Policy Resolution" which categorized industries into three categories. 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.