Which of the following is NOT associated with the Industrial Policy Resolution, 1956?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. It formed the basis of the Third Five Year Plan.
The statement "It formed the basis of the Third Five Year Plan" is not associated with the Industrial Policy Resolution (IPR) of 1956.
The Industrial Policy Resolution of 1956 was a significant policy document that outlined the framework for industrial development in India. It classified industries into three categories:
- Schedule A: Industries exclusively owned by the state.
- Schedule B: Industries in which both the state and private sector could participate.
- Schedule C: Industries left to the private sector.