Industrial Policy 1948, 1956, 1991 — Prelims Strategy
Prelims Strategy
For Prelims, the strategy for Industrial Policy 1948, 1956, 1991 should focus on factual accuracy and conceptual clarity. Key areas to master include: 1. Specific provisions of each policy: Memorize the classification of industries (e.
g., 4 categories in 1948, 3 schedules in 1956, number of reserved industries in 1956 and 1991). 2. Key objectives: Understand the distinct goals of each policy (mixed economy, socialist pattern, liberalization).
3. Associated terms: Be clear on concepts like 'License Raj,' 'Mahalanobis Model,' 'Delicensing,' 'Dereservation,' 'LPG.' 4. Timeline and sequence: Know the chronological order and the major shifts.
5. Constitutional connections: Link policies to Articles 19(1)(g), 39(b), 39(c), and the Concurrent List. 6. Legislative tools: Remember acts like IDRA 1951, MRTP Act 1969, FERA 1973, and their replacements/amendments in 1991.
Questions often come as statement-based MCQs, asking to identify correct/incorrect features, compare policies, or link them to specific outcomes. Create a mental timeline and a comparative table for quick recall.
Pay attention to exact numbers (e.g., 17 industries in Schedule A of IPR 1956, 8 reserved industries post-NIP 1991, later reduced to 3). Practice elimination techniques by identifying incorrect statements based on policy objectives or timelines.