Question : The objective of the Industrial Policy Resolution of 1956 was to:
Option 1: Promote private enterprises
Option 2: Encourage foreign investment
Option 3: Promote the public sector
Option 4: Liberalize trade
Correct Answer: Promote the public sector
Solution : The correct answer is (c) Promote the public sector.
The Industrial Policy Resolution of 1956 aimed to establish a socialist pattern of society in India. It emphasized the role of the state and public sector in promoting industrial development and reducing economic disparities. The resolution advocated for the state's active involvement in key industries and strategic sectors through the establishment of public sector enterprises. The policy aimed to achieve a balanced and self-reliant economy through state intervention and planning.
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