CBSE · Class 11 · Economics · Indian Economy 1950-1990What was the main purpose of Industrial Policy Resolution (IPR) of 1956?
Step-by-Step Solution
The IPR 1956 formed the basis of the Second Five Year Plan and aimed to accelerate industrialization with a dominant role for the public sector.
Detailed Options Breakdown
Option : Promote private monopolies
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy 1950-1990.
Option 1: Give a dominant role to the public sector (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Abolish all industries
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy 1950-1990.
Option 3: Encourage 100% foreign investment
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy 1950-1990.
💡 Study Guide: This question tests core syllabus concepts from Indian Economy 1950-1990. For formulas, key summaries, and mock exam reference guides, read the full Indian Economy 1950-1990 Revision Notes.