What was the central theme of the Industrial Policy Resolution of 1956?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. State control of commanding heights of the economy.
The Industrial Policy Resolution (IPR) of 1956 formed the basis of India's second five-year plan and the socialist pattern of society. Its central theme was to ensure that the government held primary control over key strategic industries, often referred to as the "commanding heights." By categorizing industries into three schedules, the state took exclusive responsibility for heavy and basic industries, aiming to reduce regional disparities and accelerate industrialization through public sector dominance.