भारतात औद्योगिक विकासासाठी उद्योग (विकास व नियमन) कायदा कधी करण्यात आला ?

The correct answer is Option B (1951).

Key Points:
• Correct Option Evaluation: The correct answer is option (2) 1951.
• Industries (Development and Regulation) Act - IDRA 1951:
• Enactment & Objective: The Industries (Development and Regulation) Act was enacted by Parliament in 1951 (coming into force on May 8, 1952) to regulate industrial development and production in line with the objectives of the Industrial Policy Resolution of 1948 and 1956.
• Key Features: It provided the government with powers to license industrial undertakings, investigate industrial units showing inefficiency or sickness, and control the distribution, price, and supply of scheduled industries.
• Analysis of Other Options:
• 1948 (Option 1): Year of the first Industrial Policy Resolution and enactment of the Factory Act or Industrial Disputes Act.
• 1969 (Option 3): Year of the Monopolies and Restrictive Trade Practices (MRTP) Act enactment and nationalization of major commercial banks.
• 1973 (Option 4): Year of FERA enactment to regulate foreign exchange.
• Exam Insight: IDRA 1951 served as the bedrock of the 'License Raj' era, which was substantially relaxed during the 1991 economic reforms.
• Key Takeaway: The Industries (Development and Regulation) Act was incepted in 1951.