Question : In the Industrial Policy Resolution of 1948, which of the following was not the monopoly of the Central Government?
Option 1: Iron and Steel
Option 2: Atomic energy
Option 3: Railway
Option 4: Arms and ammunition
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Correct Answer: Iron and Steel
Solution : The correct answer is Iron and steel.
India announced its first industrial policy on April 6, 1948. The 1948 Industrial Policy Resolution was the name given to it. This policy put a strong emphasis on public sector development, protected domestic industries, and encouraged self-sufficiency to lay the groundwork for the nation's industrial growth. Three industries in which the Central Government held a monopoly were included in the 1948 Industrial Policy's Strategic Industries (public sector) category. These included rail transportation, atomic energy, and weapons and ammunition.
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