In India, which of the following statement is correct regarding Industrial Policy Resolution 1956? I. It classified industries into three categories. II. The first category comprised industries were exclusively reserved for private players.
A.Only II
B.Only I✓ Correct
C.Neither I nor II
D.Both I and II
Explanation
IPR 1956 classified industries into three schedules (A, B, C), but Schedule A was reserved exclusively for the State, not private players — so only Statement I is correct.
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