The Industrial Policy Resolution of 1956 formed the basis of the ______.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Second Five Year plan
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The Industrial Policy Resolution of 1956 laid down the framework for India’s industrial development during the Second Five Year Plan.
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It emphasized the role of the public sector and the development of heavy industries as a priority.
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The policy aimed to achieve rapid industrialization and self-reliance through planned economic growth.
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It also highlighted the importance of state ownership in key industries to ensure balanced growth.