| I. The policy of 1956, for the first time, recognized the contribution of small scale industries in the growth of the Indian economy. |
| II. It laid stress on rational distribution of national income and effective utilization of resources. |
| III. This policy is considered one of the most important industrial policies of India as it decided the nature and scope of the Indian economy till the reforms of 1991. |
A) I & II
B) II & III
C) All the above
D) Only I
Correct Answer: C
Solution :
The policy of 1956, for the first time, recognized the contribution of small scale industries in the growth of the Indian economy. It laid stress on rational distribution of national income and effective utilization of resources. This policy is considered one of the most important industrial policies of India as it decided the nature and scope of the Indian economy till the reforms of 1991.
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