WBCS.LIVE practice question

When was the First Industrial Policy resolution taken?

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 Industrial Policy Resolution' of independent India was announced in '1948'. it outlined the government's approach to industrial development, emphasizing a 'mixed economy' model. The policy defined the roles of both the public and private sectors in building the nation's industry. it laid the foundation for the planned industrial growth that followed in the Five Year Plans.