GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Schedule C industries development were left to:
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Public sector
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Private sector
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Both (a) and (b)
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None of these
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Explanation:
Detailed explanation-1: -Schedule C: all the remaining industries and their future development would, in general be left to the initiative and enterprise of the private sector.
Detailed explanation-2: -In the Industrial Policy of 1956 there were 17 industries reserved exclusively for public sector.
Detailed explanation-3: -According to Industrial Policy resolution of 1956, Schedule A contains 17 major industries. Industrial Policy Resolution of 1956 is a resolution adopted by the Indian Parliament in April 1956. The 1956 policy continued to constitute the basic economic policy for a long time. Was this answer helpful?
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