Question

Which of the following is not a valid statement in the context of Industrial policy Resolution (IPR) 1956?

पर्याय

• Ownership and management of the core industries were given to the public sector

• Tax benefits were given to industries being established in backward region to promote regional equalities.

• A few industries were allowed to be owned by the private sector.

• Goods produced by the small scale industries were deserved.

Answer 1

Goods produced by the small scale industries were deserved.

Explanation:

This assertion is invalid. The right term should be "reserved" rather than "deserved." The IPR 1956 established provisions for restricting specific items for exclusive production by small-scale companies. This was done to promote the growth of small-scale industries and create job opportunities.