Which of the following is not a part of the classification of industries on the basis of size of investment?
Answers
Answer:
Based on their size of investment, industries may be categorized as:
Large-scale industries, Medium industries, Small-scale industries, Cottage industries
Explanation:
Industries can be divided into four categories based on their size of investment:
(a) Large-scale industries: Industrial units with a capital investment of $10 million or more, such as Tata Iron and Steel Company.
(b) Medium industries: For example, the leather-based sector, in which capital funding is among five and 10 crores.
(c) Small-scale industries: Those with a capital investment of between 2 and 5 crores, such as the lac industry.
(d) Cottage industries: These are businesses that do not require a lot of money and are run by family members. If such industries are located in a village, they are known as village or rural industries, and if they are located in a town, they are known as urban, cottage industries
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Answer:
Industries can be classified into the following categories based on the size of their investment:
Large-scale industries, medium-scale industries, small-scale industries, and cottage industries are all types of industries.
Explanation:
Based on the amount of money invested, industries are categorised into four categories:
(a) Large-scale industries: Industrial units with a capital investment of $10 million or more, such as Tata Iron and Steel Company.
(b) Medium industries: For example, the leather-based sector, in which capital funding is among five and 10 crores.
(c) Small-scale industries: Those with a capital investment of between 2 and 5 crores, such as the lac industry.
(d) Cottage industries are small firms maintained by family members that do not require a lot of capital. These industries are known as village or rural industries if they are located in a village, and urban, cottage industries if they are located in a town.
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