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Byju's Answer
Standard X
Economics
Need for Cottage and Small-Scale Industries
Which of the ...
Question

Which of the following statements is/are correct for cottage industries in India?

A
Also known as rural industries
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B
Also known as village industries
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C
Require investments of ten crore rupees in plant and machinery
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D
Generate significant employment
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Solution

The correct option is D Generate significant employment
The cottage industry is also known as village or rural industry. They have always contributed in employment generation in India. Industries having an investment of ten crore rupees in plant and machinery are referred to as small-scale industries.

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