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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


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Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

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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