Explanation:

 The political leaders and the industrialists both were very much aware and conscious about the economic inheritance once India became independent. Somehow, these dominant lot of people who were going to lay down the foundation stones of the independent Indian economy were almost having consensual view, even before the Independence, on many major strategic issues:
(i) State/governments should be given a direct responsibility for
(ii) An ambitious and vital role to be assigned to the public sector. It thus restricted the role of entrepreneurs. Hence statement 1 is incorrect.
(iii) Necessity for the development of heavy industries. Though small scale was given due importance, but it was never the celebrated policy goal, although statement 3 is correct.
(iv) Discouragement to foreign investment. Hence statement 2 is correct
(v) The need for economic planning