On the basis of raw material used, Iron & steel industry falls under _______.
A
Heavy Industry
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B
Light Industry
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C
Both of the above
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D
None of the above
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Solution
The correct option is B Heavy Industry Industries are classified as heavy and light industries on the basis of the nature of raw materials and the finished products.
Heavy Industries - Industries, using heavy and bulky raw materials and manufacturing heavy products, are called heavy industries.
Example- Fertiliser industry, Iron and steel industry.
Light Industry - An industry, using sufficiently light raw materials, is called light industry.
Example - Manufacture of woollens, pharmaceuticals, and drugs.