Question

The Industrial Policy Resolution, 1956 primarily laid down:

Options

• A framework for the industrial sector

• A framework for agricultural land reforms

• The investment limit for small-scale industries

• The list of products reserved exclusively for small-scale industries

Answer 1

The Industrial Policy Resolution, 1956 laid down a framework for the industrial sector. Under this framework, industries were divided into three categories based on the roles of the government and the private sector.