Consider the following statements:1. The “Bombay Manifesto” signed in 1936 openly opposed the preaching of socialist ideals.2. It evoked support from a large section of the business community from all across India.Which of the statements given above is/ are correct?
✓ Correct answer: a) 1 only
ExplanationStatement 1 is correct: The Bombay Manifesto openly opposed the preaching of socialist ideals, fearing that such policies would disrupt free enterprise and harm industrial growth.It was a response to the increasing influence of socialism within the Congress Party.Statement 2 is incorrect: However the manifesto did not get support from a large section of the business community across India.The business community was positive about the government intervention and hand holding in running the enterprises and economy.123
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