Solution:The Karachi Resolution of Congress in 1931 advocated that, ‘State shall own or control key industries and services’. The Karachi Resolution was passed by the INC at its Karchi Session in 1931.
The session was conducted in the shadow of three major events— First, Mahatma Gandhi had just been released from prison following his Salt Satyagraha.
Second, the Gandhi-Irwin pact had just been concluded which had brought the Civil Disobedience Movement to an end. And third, the British Government had, a week before the session, executed Bhagat Singh and two of his associates in connection with the kakori Conspiracy Case.