Economics · Industrial Policy
Consider the following statements regarding the Industrial Policy Resolution of 1956: Statement I: It aimed to promote private sector dominance in all key and strategic heavy industries. Statement II: It classified industries into three distinct categories based on the role of the state. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Both Statement I and Statement II are correct
- 2Statement I is correct, but Statement II is incorrect
- 3Statement I is incorrect, but Statement II is correct✓
- 4Both Statement I and Statement II are incorrect
Correct answer
Statement I is incorrect, but Statement II is correct
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Industrial Policy MCQs →Want more practice questions on Industrial Policy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Industrial Policy