GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to Industrial Policy Resolution, 1956, following industries were part of Schedule A:
A
Arms and ammunition
B
Chemical industry
C
atomic energy
D
railways
E
shipbuilding
Explanation: 

Detailed explanation-1: -Schedule A Industries: Arms and ammunition and allied items of defence equipment. Atomic energy. Iron and Steel.

Detailed explanation-2: -Schedule B Industries It consisted of 12 industries that were left to the state government to follow up with the private sector that including compulsory licensing provisions. The industries had to be state-owned but the private sector was also expected to supplement the efforts of the State.

Detailed explanation-3: -Schedule A: Industries that are exclusively owned by the state. Schedule B: Industries can be under the private sector, but the starting of the new units will be under the public sector control. Schedule C: Some industries will be under the private sector, but these have to take a license from the public sector.

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