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12th Class Economics Indian Economy / भारतीय अर्थव्यवस्था Question Bank MCQs - Indian Economy (1950-1990)

  • question_answer
    The main goal of the Industrial Policy Resolution (1956) was to ensure balanced regional development with state controlling commanding heights in an economy. The given statement is

    A) True

    B) False

    C) Partially false

    D) Can't say, as the goal gave equal importance to public and private sector

    Correct Answer: A

    Solution :

    Under IPR (1956), private sector had to obtain the license from the government for establishing industrial units and state provided concessions and tax benefits for encouraging private units in the backward regions.


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