Industries are classified into ______________ categories in the Industrial Policy Resolution.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. three.
Industries are classified into three categories in the Industrial Policy Resolution of 1956. These categories are:
- Public Sector Industries: Industries that are owned and operated by the government.
- Private Sector Industries: Industries that are owned and operated by private individuals or organizations.
- Joint Sector Industries: Industries that are jointly owned and operated by both the government and private entities.
This classification aimed to define the roles of different sectors in economic development and guide industrial policy in India.