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Which of the following was not an objective of the 1956 industrial policy?
- a)Development of cooperative sector
- b)Expansion of public sector
- c)Develop heavy and machine making industries
- d)None of the above
Correct answer is option 'D'. Can you explain this answer?
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Which of the following was not an objective of the 1956 industrial pol...
The 1956 policy also classified industries into public sector, private and mixed sector.
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Which of the following was not an objective of the 1956 industrial pol...
Objective of 1956 Industrial Policy
The objective of the 1956 industrial policy was to promote the growth and development of industries in India. The policy was based on the socialist ideology and aimed at achieving self-sufficiency, reducing dependence on imports, and developing the country's economy. The policy had the following objectives:
Expansion of Public Sector: The policy aimed at expanding the public sector by setting up new public sector enterprises in key industries. The public sector was seen as a tool for achieving economic growth and social justice.
Development of Heavy and Machine Making Industries: The policy emphasized the development of heavy and machine-making industries, which were seen as the backbone of industrial development. The policy aimed at reducing reliance on imports of capital goods and machinery.
Development of Cooperative Sector: The policy aimed at promoting the development of the cooperative sector, which was seen as a means of achieving economic democracy and reducing income inequalities.
Promotion of Small-Scale Industries: The policy aimed at promoting the growth of small-scale industries, which were seen as a means of generating employment and reducing regional imbalances.
Conclusion
The correct option is 'D' None of the above, as all the objectives mentioned above were part of the 1956 industrial policy. The policy aimed at promoting the growth and development of industries in India, expanding the public sector, developing heavy and machine-making industries, promoting the growth of the cooperative sector, and promoting small-scale industries. The policy was based on the socialist ideology and aimed at achieving self-sufficiency, reducing dependence on imports, and developing the country's economy.
The objective of the 1956 industrial policy was to promote the growth and development of industries in India. The policy was based on the socialist ideology and aimed at achieving self-sufficiency, reducing dependence on imports, and developing the country's economy. The policy had the following objectives:
Expansion of Public Sector: The policy aimed at expanding the public sector by setting up new public sector enterprises in key industries. The public sector was seen as a tool for achieving economic growth and social justice.
Development of Heavy and Machine Making Industries: The policy emphasized the development of heavy and machine-making industries, which were seen as the backbone of industrial development. The policy aimed at reducing reliance on imports of capital goods and machinery.
Development of Cooperative Sector: The policy aimed at promoting the development of the cooperative sector, which was seen as a means of achieving economic democracy and reducing income inequalities.
Promotion of Small-Scale Industries: The policy aimed at promoting the growth of small-scale industries, which were seen as a means of generating employment and reducing regional imbalances.
Conclusion
The correct option is 'D' None of the above, as all the objectives mentioned above were part of the 1956 industrial policy. The policy aimed at promoting the growth and development of industries in India, expanding the public sector, developing heavy and machine-making industries, promoting the growth of the cooperative sector, and promoting small-scale industries. The policy was based on the socialist ideology and aimed at achieving self-sufficiency, reducing dependence on imports, and developing the country's economy.
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Which of the following was not an objective of the 1956 industrial policy?a)Development of cooperative sectorb)Expansion of public sectorc)Develop heavy and machine making industriesd)None of the aboveCorrect answer is option 'D'. Can you explain this answer?
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