Practice Industrial Policy Resolution 1956 (ipr 1956) (2.4.2)

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6 sample questions

Question 1.
What is the main goal of the Industrial Policy Resolution 1956?
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Think about the role of government in the economy.
Question 2.
How many categories were industries classified into under the IPR?
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Recall the term G-P-S for categorization.
3Question 3.
What does the Industrial Policy Resolution of 1956 emphasize?
- Government control
- Complete privatization
- Deregulation
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Think about government involvement in the economy.
4Question 4.
True or False: The License Raj facilitated easier entry into the industrial market.
- True
- False
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Consider how regulations affect business openings.
Question 5.
Assess the long-term impact of the IPR on India’s industrial competitiveness in the global market.
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Consider where India stands in comparison to more liberal economies.
Question 6.
Propose alternatives to the regulatory approaches of IPR that could balance control and promote efficiency.
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Look into modern economic best practices around the world.

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