Question : In which year was the first Industrial Policy based on the mixed economy principle announced in India?
Option 1: 1948
Option 2: 1962
Option 3: 1950
Option 4: 1959
Correct Answer: 1948
Solution : The correct answer is 1948.
In 1948, the first Industrial policy based on the mixed economy principle was announced in India. The policy demarcated the areas of operation of the public and private sectors in the country. This policy was presented in the Parliament by the then Minister of Industries, Dr Shyama Prasad Mukherjee.
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Question : According to the Industrial Policy Resolution 1956, how many categories were the industries classified in India?
Option 1: 5
Option 2: 4
Option 3: 3
Option 4: 2
Question : In 1950-51, what percentage of the GDP of India was contributed by the industrial sector?
Option 1: 22 per cent
Option 2: 28 per cent
Option 3: 13 per cent
Option 4: 16 per cent
Question : Which is the biggest tax-paying sector in India as of 2016?
Option 1: Agriculture sector
Option 2: Industrial sector
Option 3: Transport sector
Option 4: Banking sector
Question : In India, which of the following regulatory mechanisms was not in existence to enforce regulation of the industrial sector?
Option 1: Industrial licensing under which every entrepreneur had to get permission from government officials to start a firm, close a firm or decide the amount of goods that could be produced.
Option 2: Controls on price fixation and distribution of selected industrial products.
Option 3: Private sector was allowed in all industries.
Option 4: Some goods could be produced only in small-scale industries.
Question : Which of the following is not an example of a minor industrial region of India?
Option 1: Durg-Raipur region
Option 2: Ambala-Amritsar region
Option 3: Northern Malabar region
Option 4: Hugli region
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