Question

Industries are classified as large, small and cottage on the basis of ______________.

• A. Size
• B. Ownership
• C. Raw material
• D. All of these

Answer 1

The correct option is D All of these

Industries are broadly classification into three types (i.e. On the basis of Raw Materials, On the basis of Size and On the basis of Ownership).

1. On the basis of Raw Materials: These types of industries are classified depending on the type of raw materials they use.

• Agro Based Industries
• Mineral Based Industries
• Pastoral Based Industries
• Marine Based Industries
• Forest Based Industries

2. On the basis of Size: These types of industries are classified depending on the amount of capital invested, number of people employed and the volume of production.

• Large Scale Industries
• Small Scale Industries
• Cottage or Household Industries

3. On the basis of Ownership: These types of industries are classified on the basis of ownership.

• Private Sector Industries
• Public Sector Industries
• Joint Sector Industries
• Co-operative Sector Industries
• Multinational Corporations