Question

The Industrial Policy Resolution of 1948 focused on which one of the following features?

• A. Increase employment opportunities and improvement of living standards
• B. Foreign Technology agreement
• C. Accepted the importance of small and cottage industries in industrial development
• D. MRTP Commission Act introduced for India's industrial growth

Hint:

The 1948 policy marked the start of mixed economy planning and recognized both public and small-scale sectors.

Answer 1

The Correct Option is C

The Industrial Policy Resolution (IPR) of 1948 was the first industrial policy adopted post-independence.
It laid emphasis on small-scale and cottage industries as critical to employment and rural development.
It aimed to balance heavy industries with rural development goals.
Other options either refer to later policy developments or unrelated acts.