Question

Industrial Policy Resolution 1956 formed the basis of the ___ Five Year Plan.

• A. First
• B. Fourth
• C. Second
• D. Third

Hint:

Remember: \[ \text{IPR 1956} \rightarrow \text{Public Sector + Heavy Industries} \] This directly connects it with the Second Five Year Plan and the Mahalanobis strategy.

Answer 1

The Correct Option is C

Concept: The Industrial Policy Resolution (IPR) of 1956 was a major policy statement adopted by the Government of India to guide industrial development after independence. It emphasized:
• Expansion of the public sector
• Development of heavy industries
• Socialistic pattern of society
• Reduction of regional inequalities

Step 1: Understanding the Industrial Policy Resolution of 1956.}
The Industrial Policy Resolution of 1956 classified industries into categories:
• Industries exclusively owned by the state
• Industries progressively state-owned
• Industries open to the private sector The policy gave a dominant role to the public sector in economic development.

Step 2: Relating it to Five Year Plans.}
The Second Five Year Plan (1956--1961), based on the Mahalanobis Model, focused heavily on:
• Heavy industries
• Industrialization
• Public sector expansion The Industrial Policy Resolution of 1956 became the foundation of this plan.

Step 3: Checking the options.}

• First : Incorrect
• Fourth : Incorrect
• Second : Correct
• Third : Incorrect Therefore, the correct answer is: \[ \boxed{\text{Second}} \]