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What was a key feature of the Industrial Policy Resolution of 1956?

1. Full privatization
2. Abolition of licensing
3. Emphasis on small-scale industry
4. Expansion of public sector

Correct answer: Expansion of public sector

Solution

The Industrial Policy Resolution of 1956 gave a major role to the public sector, especially in strategic and heavy industries. It did not promote full privatization or abolition of licensing. Hence, expansion of the public sector is the correct feature.

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