Question : The Industrial Policy Resolution of 1956 formed the basis of the_________________.
Option 1: Fifth Five Year plan
Option 2: Second Five Year plan
Option 3: Fourth Five Year plan
Option 4: Third Five Year plan
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Correct Answer: Second Five Year plan
Solution : The correct option is the Second Five Year Plan.
The Industrial Policy Resolution of 1956 formed the basis of the industrial development strategy in India. This policy laid down the foundation for a mixed economy in India, combining elements of both socialism and capitalism. It emphasised the role of the public sector in strategic industries while allowing for the continued existence of the private sector. The policy aimed to achieve a balanced regional development, reduce income inequalities, and promote social justice through industrialisation.
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Question : Which five-year plan was based on the ideas of Mahalanobis?
Option 1: Fourth five-year plan
Option 2: Third five-year plan
Option 3: First five-year plan
Option 4: Second five-year plan
Question : Which of the following statements is correct regarding the Industrial Policy Resolution of 1956? I. This resolution formed the basis of the Second Five-Year Plan. II. This policy was used to promote industry in backward regions.
Option 1: Neither I nor II
Option 2: Both I and II
Option 3: Only I
Option 4: Only II
Question : Which five-year plan in India is referred to as the Mahalanobis Plan?
Option 1: 4th Five-Year Plan
Option 2: 2nd Five-Year Plan
Option 3: 1st Five-Year Plan
Option 4: 3rd Five-Year Plan
Question : The global financial crisis overlapped with which five-year plan in India?
Option 1: Ninth Five-Year Plan
Option 2: Tenth Five-Year Plan
Option 3: Twelfth Five-Year Plan
Option 4: Eleventh Five-Year Plan
Question : Indicative planning was adopted in India during the Five-Year Plan.
Option 1: Sixth
Option 2: Fifth
Option 3: Eighth
Option 4: Fourth
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