Question

Identify the type of Industry based on the features given

a. It helps in regional development.

b. It requires less than 1 crore rupee

c. It mainly produces consumer goods
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Answer 1

Answer:

a) Regional development is clearly a multidimensional concept with a great socioeconomic variety that is determined by a multiplicity of factors such as natural resource endowments, quality and quantity of labor, capital availability and access, productive and overhead investments, entrepreneurial culture and attitude, physical infrastructures, sectoral structure, technological infrastructure and progress, open mind, public support systems, and so forth.

b)Income: Rs 60 lakh

For a salaried taxpayer with an annual income of Rs 60 lakh, again the current, existing regime with deductions is more tax efficient. Under the new regime, the tax outgo is more than Rs 60,000 higher.

c)Consumer goods are products bought for consumption by the average consumer. Alternatively called final goods, consumer goods are the end result of production and manufacturing and are what a consumer will see stocked on the store shelf. Clothing, food, and jewelry are all examples of consumer goods. Basic or raw materials, such as copper, are not considered consumer goods because they must be transformed into usable products.

Explanation:

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