The Industrial Policy Resolution of 1956 categorised industries into how many groups?

Question

Question

This question was previously asked in

RRB JE ECE 22 Apr 2025 Shift 1 CBT 2 Official Paper

Answer 1

The correct answer is Three.

Key Points

The Industrial Policy Resolution of 1956 was a significant policy document in the industrial sector of India.
This policy categorized industries into three groups known as Schedule A, Schedule B, and Schedule C.
Schedule A comprised industries that were to be the exclusive responsibility of the state.
Schedule B included industries that would be progressively state-owned, but private sector participation was allowed.
Schedule C consisted of all other industries that were left to the private sector with the state generally taking measures to help them grow.
The policy aimed at accelerating the rate of industrialization and developing the public sector.
It also sought to reduce income inequalities and ensure a more equitable distribution of wealth.

Additional Information

Industrial Policy Resolution
- The Industrial Policy Resolution of 1956 was pivotal in shaping India's industrial landscape.
- It was designed to create a socialistic pattern of society through industrial development.
- The policy emphasized the role of the public sector in accelerating economic growth and reducing disparities.
- It also aimed to encourage small-scale industries to promote employment and equitable distribution of income.