Question : Which of the following statements is correct regarding the Industrial Policy Resolution of 1956?
I. This resolution formed the basis of the Second Five-Year Plan.
II. This policy was used to promote industry in backward regions.
Option 1: Neither I nor II
Option 2: Both I and II
Option 3: Only I
Option 4: Only II
New: SSC CHSL tier 1 answer key 2024 out | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: Both I and II
Solution : The correct answer is Both I and II .
The Industrial Policy Resolution of 1956 classified industries into three categories : in the first category, the industries that are owned by the state; in the second category, the public and private types of industries; and in the third category, the rest of the private sector industries. The Industrial Policy Resolution of 1956 formed the basis of the Second Five-Year Plan , and this policy was also used to promote industry in backward regions.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates BrochureYour Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.