2.4.2 - Industrial Policy Resolution 1956 (IPR 1956)
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Practice Questions
Test your understanding with targeted questions
What is the main goal of the Industrial Policy Resolution 1956?
💡 Hint: Think about the role of government in the economy.
How many categories were industries classified into under the IPR?
💡 Hint: Recall the term G-P-S for categorization.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does the Industrial Policy Resolution of 1956 emphasize?
💡 Hint: Think about government involvement in the economy.
True or False: The License Raj facilitated easier entry into the industrial market.
💡 Hint: Consider how regulations affect business openings.
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Challenge Problems
Push your limits with advanced challenges
Assess the long-term impact of the IPR on India’s industrial competitiveness in the global market.
💡 Hint: Consider where India stands in comparison to more liberal economies.
Propose alternatives to the regulatory approaches of IPR that could balance control and promote efficiency.
💡 Hint: Look into modern economic best practices around the world.
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