Correct option is A
The Industries (Development and Regulation) Act, 1951 (IDRA) was enacted to regulate and develop industries in India. It provided the government with control over key industries and required industrial licensing for new businesses.
Information Booster:
- IDRA was passed to promote planned industrial growth under the First Five-Year Plan (1951-56).
- It enabled the government to control the production, supply, and distribution of industrial goods.
- The act was later amended to reduce excessive government control and promote liberalization.
Additional Knowledge:
- The 1991 Economic Reforms reduced licensing requirements under IDRA.
- India’s first Industrial Policy Resolution was adopted in 1948.