Question : Effect of The Industrial Policy, 1956 on industries was _____.
Option 1: industries started to get diversified
Option 2: India become self-sufficient in industrial goods
Option 3: imports of those goods which could be produced in India itself was avoided
Option 4: industries share fell in the GDP during 1991
Correct Answer: industries started to get diversified
Solution : The correct answer is industries started to get diversified .
The 1956 Industrial Policy was a complex document that was referred to as the "Economic Constitution of India." It had an impact on almost every facet of industrial progress. It positioned the public sector as industrialization's core.
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Question : In which industrial policy was the investment limit for tiny industry units increased to INR 2 lakh?
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