WBCS.LIVE practice question

When was the first Industrial Policy resolution taken in India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 1956
  2. 1947
  3. 1948
  4. 1951

Correct answer and explanation

Correct answer: 1948

Explanation: āœ… Correct Answer: C) 1948 šŸ“š Explanation: The first official Industrial Policy Resolution of independent India was announced in April 1948 by the Minister of Industry, Syama Prasad Mookerjee. It laid down the foundational framework for a 'mixed economy' model. The policy defined the respective boundaries for public and private enterprises in industrial development. It aimed to build national manufacturing capacity while ensuring state control over core strategic sectors.