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      Question

      Which of the following is correct statement about

      Industrial Policy Resolution 1956? I. 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. II. This resolution classified industries into two categories only. The first category comprised industries which would be exclusively owned by the private sector.
      A Only II Correct Answer Incorrect Answer
      B Neither I nor II Correct Answer Incorrect Answer
      C Only I Correct Answer Incorrect Answer
      D Both I and II Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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