Question

As per the Industrial Policy Resolution 1956, industries under Schedule A include:

• A. Industries which were to be progressively state-owned and in which the state would generally set up new enterprises.
• B. Industries which were to be an exclusive responsibility of the state.
• C. Mainly private sector industries.
• D. Industries in which private enterprise would be expected only to supplement the effort of the state.

Answer 1

The correct option is B Industries which were to be an exclusive responsibility of the state.

Industrial Policy Resolution of 1956 (IPR 1956) is a resolution adopted by the Indian Parliament in April 1956. It was the first comprehensive statement on the industrial development of India. The 1956 policy continued to constitute the basic economic policy for a long time.