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.