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Industrialisation and Industrial Policy 1956

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Industrialisation and Industrial Policy 1956

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@ImpeccableVorticism

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Questions and Answers

What is a primary reason for prioritizing industrialisation in developing countries?

It minimizes urban migration influx.

It creates a more stable employment environment compared to agriculture. (correct)

It ensures instant modernization without investment.

It reduces reliance on foreign investments.

Which category of industries is included in Schedule A of the Industrial Policy Resolution 1956?

Labor-intensive industries

Resource-intensive industries (correct)

Service-oriented industries

High technology industries

What impact does industrialisation have on a country according to the outlined principles?

It increases dependency on foreign oil.

It promotes overall prosperity and modernization. (correct)

It exclusively increases agricultural output.

It restricts local entrepreneurship.

Why is a stable industrial sector crucial for developing countries?

<p>It serves as a foundation for economic stability and development.</p> Signup and view all the answers

Which of the following statements about industrial employment is true?

<p>It tends to be more secure and stable compared to agricultural jobs.</p> Signup and view all the answers

Study Notes

Industrialisation

Developing countries can only progress if their industrial sector is strong and stable
Industrial employment offers more stable employment compared to agriculture
Industrialisation drives modernization due to its key role in national development
Overall prosperity is linked to a robust industrial sector

Industrial Policy Resolution 1956

The resolution classified industries based on their characteristics and resource intensity
Schedule A encompassed industries which were resource-intensive

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Description

Explore the vital role industrialisation plays in the progress of developing countries. This quiz covers the Industrial Policy Resolution of 1956, detailing the classification of industries and their impact on national development and employment. Test your knowledge on the historical and economic significance of industrial growth.