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Which of the following provisions were emphasized upon by the Industrial Policy Resolution 1956 (IPR 1956)?
Complete state monopoly of the industrial sector
Promotion of regional equality
Surplus industrial production
Select the correct answer using the code given below.
- a)1 only
- b)1, 2 and 3
- c)2 only
- d)1 and 3 only
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following provisions were emphasized upon by the Industr...
- Industrial Policy Resolution 1956 (IPR 1956): In accordance with the goal of the state controlling the commanding heights of the economy, the Industrial Policy Resolution of 1956 was adopted. This resolution formed the basis of the Second Five Year Plan, the plan which tried to build the basis for a socialist pattern of society.
- This resolution classified industries into three categories:
- The first category comprised industries which would be exclusively owned by the state
- the second category consisted of industries in which the private sector could supplement the efforts of the state sector, with the state taking the sole responsibility for starting new units
- the third category consisted of the remaining industries which were to be in the private sector. Hence option 1 is not correct.
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Which of the following provisions were emphasized upon by the Industr...
The Industrial Policy Resolution 1956 (IPR 1956) was a crucial policy document that outlined the economic vision for India's industrial development. It aimed to promote industrialization, achieve self-reliance, and reduce regional disparities. The provisions emphasized by the IPR 1956 were:
1. Promotion of regional equality:
- The IPR 1956 recognized the need to address regional imbalances by promoting industrial development in economically backward areas.
- It aimed to reduce regional disparities by encouraging the establishment of industries in less developed regions, particularly in the public sector.
- Special incentives and concessions were provided to industries located in these backward areas to attract investment and promote balanced regional growth.
2. Complete state monopoly of the industrial sector:
- The IPR 1956 emphasized the role of the state in the industrial sector and advocated for the establishment of public sector enterprises.
- It envisaged a mixed economy model where the state would play a dominant role in strategic industries while allowing the private sector to operate in other sectors.
- The public sector was seen as an instrument of planned development and was expected to promote social welfare and reduce exploitation.
3. Surplus industrial production:
- The IPR 1956 aimed to achieve rapid industrialization and increase the production of essential goods.
- It emphasized the need to generate a surplus in the industrial sector to finance development programs and reduce dependence on foreign aid.
- The policy encouraged the expansion and modernization of industries to increase productivity and meet the growing demands of the population.
Thus, the correct answer is option 'C' - 2 only. The IPR 1956 emphasized the promotion of regional equality and surplus industrial production, but it did not advocate for complete state monopoly of the industrial sector. Instead, it emphasized a mixed economy model where the state and private sectors both played important roles.
1. Promotion of regional equality:
- The IPR 1956 recognized the need to address regional imbalances by promoting industrial development in economically backward areas.
- It aimed to reduce regional disparities by encouraging the establishment of industries in less developed regions, particularly in the public sector.
- Special incentives and concessions were provided to industries located in these backward areas to attract investment and promote balanced regional growth.
2. Complete state monopoly of the industrial sector:
- The IPR 1956 emphasized the role of the state in the industrial sector and advocated for the establishment of public sector enterprises.
- It envisaged a mixed economy model where the state would play a dominant role in strategic industries while allowing the private sector to operate in other sectors.
- The public sector was seen as an instrument of planned development and was expected to promote social welfare and reduce exploitation.
3. Surplus industrial production:
- The IPR 1956 aimed to achieve rapid industrialization and increase the production of essential goods.
- It emphasized the need to generate a surplus in the industrial sector to finance development programs and reduce dependence on foreign aid.
- The policy encouraged the expansion and modernization of industries to increase productivity and meet the growing demands of the population.
Thus, the correct answer is option 'C' - 2 only. The IPR 1956 emphasized the promotion of regional equality and surplus industrial production, but it did not advocate for complete state monopoly of the industrial sector. Instead, it emphasized a mixed economy model where the state and private sectors both played important roles.
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Which of the following provisions were emphasized upon by the Industrial Policy Resolution 1956 (IPR 1956)? Complete state monopoly of the industrial sector Promotion of regional equality Surplus industrial production Select the correct answer using the code given below.a)1 onlyb)1, 2 and 3c)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?
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Which of the following provisions were emphasized upon by the Industrial Policy Resolution 1956 (IPR 1956)? Complete state monopoly of the industrial sector Promotion of regional equality Surplus industrial production Select the correct answer using the code given below.a)1 onlyb)1, 2 and 3c)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following provisions were emphasized upon by the Industrial Policy Resolution 1956 (IPR 1956)? Complete state monopoly of the industrial sector Promotion of regional equality Surplus industrial production Select the correct answer using the code given below.a)1 onlyb)1, 2 and 3c)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following provisions were emphasized upon by the Industrial Policy Resolution 1956 (IPR 1956)? Complete state monopoly of the industrial sector Promotion of regional equality Surplus industrial production Select the correct answer using the code given below.a)1 onlyb)1, 2 and 3c)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?.
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