As per the Industrial policy resolution 1956 of India, industries were divided into how many category?
Show answer & explanation
Correct answer: B
Explanation
Industrial Policy Resolution 1956 -
The Industrial Policy Resolution 1956 is also known as India's "economic constitution." It divided industries into the following three categories:
Schedule A: This included 17 industries that were fully owned by the state (government), such as defense equipment, iron and steel, atomic energy, etc.
Schedule B: This included 12 industries. These industries were primarily state-owned, but the private sector was also allowed to start new industries (as a supplement to the government), such as fertilizers, synthetic rubber, etc.
Schedule C: This included all remaining industries that were open to the private sector, but were subject to government control and licensing.