Question : Assertion: The Industrial Policy Resolution of 1956 aimed to protect the interests of small-scale industries.
Reason: The resolution provided various incentives and support measures for the growth of small-scale industries.
Option 1: Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both the assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Correct Answer: Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion is true. The Industrial Policy Resolution of 1956 in India did aim to protect the interests of small-scale industries. The resolution recognized the importance of small-scale industries for employment generation, regional development, and balanced industrial growth. It sought to provide support and incentives to promote the growth and competitiveness of small-scale industries.
The reason is also true and provides the correct explanation for the assertion. The Industrial Policy Resolution of 1956 included measures such as financial assistance, access to credit, priority in the allocation of scarce resources, infrastructure support, and exemption from certain regulations and taxes for small-scale industries. These incentives and support measures were designed to facilitate the growth and development of small-scale industries and protect their interests.
Therefore, the correct answer is both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Question : Assertion: The Industrial Policy Resolution of 1956 aimed to develop cottage and small-scale industries in India.
Reason: The resolution focused on promoting decentralized industrial growth and supporting rural industries.
Question : Assertion: The Industrial Policy Resolution of 1956 aimed to promote the development of small-scale industries in India.
Reason: The resolution emphasized the role of the public sector in industrial growth.
Question : Assertion: The Industrial Policy Resolution of 1956 aimed to promote the development of large-scale industries in India.
Reason: The resolution emphasized the regulation and control of private industries to ensure balanced industrial growth.
Question : Assertion: The Industrial Policy Resolution of 1956 aimed to create a socialist pattern of society in India.
Reason: The resolution emphasized the promotion of public-sector industries and reduced private-sector dominance.
Question : Assertion: Credit rating agencies assess the creditworthiness of issuers.
Reason: Credit rating agencies issue government bonds.
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