I. Those industries completely owned by the Government e.g. Ordinance, atomic energy, railways and any industry of national importance were to be the exclusive domain of the Central government. |
II. A group of 18 specified industries (of medium category) were in control of the state governments in liaison with the central government. |
III. The remaining industrial options which were not covered by either the centre or state lists, were left open to the private sector. |
IV. This policy was to be reviewed after 5 years. |
A) I & II
B) I, II & III
C) Only III
D) All the above
Correct Answer: D
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