In how many categories did the Industrial Policy Resolution 1956 that formed the basis of 2nd 5 year plan classified the industries?

Correct option is C

The correct answer is (c).

Information Booster:

• The Industrial Policy Resolution of 1956 was a key policy document that guided the development of industries in India.
• It classified industries into three categories: Schedule A, Schedule B, and Schedule C.
• Schedule A comprised industries that would be exclusively owned by the state.
• Schedule B included industries that would be progressively state-owned, with the private sector supplementing the efforts of the state.