The correct answer is (b). The Industrial Policy Resolution of 1956 was a major policy statement by the Government of India on the development of the country’s industrial sector. The resolution laid out a three-tier industrial structure, with the public sector playing a leading role in the development of basic and heavy industries, the private sector being encouraged to develop medium and small-scale industries, and the cooperative sector being given a role in the development of village and small industries. The resolution also introduced a system of licensing for new industrial undertakings, which was designed to regulate the growth of the industrial sector and to ensure that it developed in a planned and orderly manner.
The other options are incorrect. The Industrial Policy Resolution of 1948 was a much less comprehensive document than the 1956 resolution, and it did not contain any provisions for licensing. The Congress Party Resolution of establishing socialistic pattern of society was a political statement, not an economic policy statement, and it did not have any direct bearing on the licensing policy for industries. The Industries
6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube