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Question

Industrial policy resolution was passed in the year _______.


A
1947
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B
1950
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C
1948
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D
1951
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Solution

The correct option is A 1948
The Government of India declared its first Industrial Policy on 6th April, 1948. The meeting was presided by then Industry Minister Dr. Shyama Prasad Mukherjee. The main historical importance of this policy is that it ushered India in the system of Mixed Economy.

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