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In newly independent India, the public sector was indeed given a dominant position through the Industrial Policy Resolution 1948 and 1956, which reserved key industries for the state. Foreign trade policy was protectionist with strict import controls, not free trade. Monetary policy post-independence did not focus on keeping CRR low - in fact, CRR and SLR were often kept high to control credit. Therefore statement A is correct while B and C are incorrect.