Question : In which year was the first Industrial Policy based on the mixed economy principle announced in India?
Option 1: 1948
Option 2: 1962
Option 3: 1950
Option 4: 1959
Correct Answer: 1948
Solution : The correct answer is 1948.
In 1948, the first Industrial policy based on the mixed economy principle was announced in India. The policy demarcated the areas of operation of the public and private sectors in the country. This policy was presented in the Parliament by the then Minister of Industries, Dr Shyama Prasad Mukherjee .
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