Question

Why and how was private sector regulated under the IPR 1956?

Solution

1. Reasons of regulating private sector : Private sector was regulated under the IPR to

(a) Promote regional equality

(b) Promote industry in backward regions.

2. How regulated : Private sector was regulated through a system of licence. Now new industry was allowed unless a licence was obtained from the government.

Some More Questions From Indian Economy 1950-1990 Chapter

Who formulate plans in India?

For Daily Free Study Material Join wiredfaculty

Indian Economy 1950-1990

Why and how was private sector regulated under the IPR 1956?

Some More Questions From Indian Economy 1950-1990 Chapter

Who formulate plans in India?

Who floated the idea of planning in India first of all?

How many plans have been completed in India so far?

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Location