Question : Statement 1: The Industrial Policy Resolution of 1956 aimed to promote the development of the public sector in India.
Statement 2: The resolution emphasized the role of private enterprises in industrial growth.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, and statement 2 is false.
Statement 1 is true. The Industrial Policy Resolution of 1956 in India did aim to promote the development of the public sector. It emphasized the importance of public ownership and control over key industries to achieve socialistic goals, including reducing economic disparities and ensuring equitable distribution of resources.
Statement 2 is false. The resolution did not emphasize the role of private enterprises in industrial growth. Instead, it placed greater emphasis on the public sector and advocated for a commanding role for the state in guiding and directing industrial development. Private enterprises were not given a prominent role in this policy and were subject to regulations and restrictions.
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