Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Industrial Policy Resolution 1956 classified industries into how many categories?

Options:

2

3

4

5

Correct Answer:

3

Explanation:

The resolution classified the industries into 3 categories. The first category comprised industries which would be exclusively owned by the state, the second category consisted of industries in which the private sector could supplement the efforts of the state sector, with state taking the sole responsibility for starting new units and the third category consisted of industries which were to be in private sector.