The Karachi resolution of Congress in 1931 advocated which one of the following issues ?
[amp_mcq option1=”State shall not own or control key industries and services” option2=”State shall handover the key industries and services to the Indian business groups” option3=”State should allow the Indian business group to invest fifty per cent of the capital” option4=”State shall own or control key industries and services” correct=”option4″]
This question was previously asked in
UPSC NDA-1 – 2019
The Karachi Resolution, passed by the Indian National Congress in March 1931, was a landmark document outlining the fundamental rights and the national economic program envisioned for independent India. Among its provisions related to economic policy, it advocated for state ownership or control of key industries and services. This reflected a leaning towards a socialist pattern of society and state intervention in the economy, rather than a purely free-market approach or simply facilitating private business.
The Karachi Resolution of 1931 advocated for fundamental rights and state control over key industries and services in independent India.