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What was the central theme of the Industrial Policy Resolution of 1956?

1. Full privatisation of industry
2. Import-led growth strategy
3. State control of the commanding heights of the economy
4. Promoting consumer goods industry

Correct answer: State control of the commanding heights of the economy

Solution

The Industrial Policy Resolution of 1956 gave the state a dominant role in key industries and aimed at controlling the commanding heights of the economy. It is a landmark policy in India's planned economic development.

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