Explanation:

The Karachi session of 1931 was presided over by Sardar Vallabbhai Patel. This session saw the emergence of Socialistic-radicalism.
The session was famous for the passing of Resolution on Fundamental rights and Economic policy.
Some important aspects of these resolutions were: Basic civil rights of freedom of speech, Freedom of Press, Freedom of assembly, Freedom of association, Equality before law Elections on the basis of Universal Adult Franchise Free and compulsory primary education. Substantial reduction in rent and taxes. Better conditions for workers including a living wage, limited hours of work. Protection of women and peasants Government ownership or control of key industries, mines, and transport and Protection of Minorities.
The Economic Policy included the provisions of protection of domestic industries against foreign capital. Regulation of currency in national interest. Relief from agricultural indebtedness and usury and the state ownership of key industries.