| Assertion [A] It was necessary to bring balanced regional development in context of Industrial development. |
| Reason [R] Government provided tax sops and introduced licencing policy in the Industrial Policy Resolution (IPR), 1956. |
A) Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion (A)
B) Both Assertion [A] and Reason [R] are true, but Reason [R] is not the correct explanation of Assertion (A)
C) Assertion [A] is true, but Reason [R] is false
D) Assertion [A] is false, but Reason [R] is true
Correct Answer: A
Solution :
The main reason behind the introduction of industrial licensing and concessions were to encourage the establishment of industries in backward regions and bring about regional equality in the industrial development.
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