In India, the Industrial Policy Resolution was passed in the year ______ for the first time.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 1948.
The Industrial Policy Resolution in India was initially adopted in 1948. This resolution established the groundwork for the nation's industrial progress and delineated the government's strategy for industrialization. It represented a pivotal milestone in molding India's economic strategies, especially following independence. The Industrial Policy Resolution of 1948 outlined the State's dual role in industrial advancement, functioning both as an entrepreneur and a regulatory authority.