Current Affairs · Economic Policy
Read the following Assertion (A) and Reason (R) carefully and choose the correct option. Assertion (A): The Industrial Policy Resolution (IPR) 1956 created an industrial classification into Schedules A, B, and C. Reason (R): This classification was designed to identify sectors for exclusive state control, joint state-private participation, and private sector operation.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is false but R is true.
- 2A is true but R is false.
- 3Both A and R are true but R is not the correct explanation of A.
- 4Both A and R are true and R is the correct explanation of A.✓
Correct answer
Both A and R are true and R is the correct explanation of A.
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