The Industrial Policy Resolution (1948) aimed at -

CA Foundation · Business Economics · MTP · June 2024
The Industrial Policy Resolution (1948) aimed at -
(A) A. Market oriented economic reforms and opening up of economy
(B) B. A shift from state led industrialization to private sector led industrialisation
(C) C. an expanded role for the public sector and licensing to the private sector
(D) D. an expanded role of private sector a limited role of public sector

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. an expanded role for the public sector and licensing to the private sector

Topics: Theory of Production and Cost

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