Question
Download Solution PDFIn the Industrial Policy Resolution of 1948, which of the following was NOT the monopoly of the Central Government?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Iron and Steel.
Key Points
- The Iron and Steel Factories that started during the second five-year plan were-
- Bhilai - with the help of Russia - 1959.
- Rourkela - with the help of Germany - 1959.
- Durgapur - with the help of Britain - 1962.
- BHEL - Bhopal.
Additional Information
- The first industrial policy statement of India is known as Industrial Policy Resolution.
- It was announced in the year 1948.
- It defined the role of the State in industrial development both as an entrepreneur and authority.
- Industrial Policy Resolution,1948 states that India is going to have a Mixed Economic Model.
- The Industries (Development and Regulation) Act was passed in 1951.
- It was passed to implement the Industrial Policy Resolution, 1948.
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