Question : The Industrial Policy Resolution of 1956 classified industries into how many categories?
Option 1: 3
Option 2: 5
Option 3: 6
Option 4: 4
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Correct Answer: 3
Solution : The correct option is 3 .
India's 1956 Industrial Policy Resolution divided industries into three groups:
Schedule A: These were sectors under complete government ownership and control. This group comprised important sectors like railroads, atomic energy, and defence manufacturing.
Schedule B: These were those in which the government was heavily involved, although private enterprise was also permitted to operate there with some restrictions.
Schedule C Industries: These were sectors of the economy where little government intervention occurred and a larger role was played by the private sector. The majority of industries fit within this group.
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