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

Hint: Cottage or family industries are a kind of small scale enterprise where the merchandise is manufactured through hand, by way of the artisans. Large scale industries make massive investments and use current technological know-how in their manufacturing process.

Complete Answer:
Industries are greatly classification into three sorts (i.e. On the foundation of Raw Materials, On the groundwork of Size and On the groundwork of Ownership).
1. On the foundation of Raw Materials: These sorts of industries are categorized relying on the kind of uncooked substances they use.
• Agro Based Industries
• Mineral Based Industries
• Pastoral Based Industries
• Marine Based Industries
• Forest Based Industries

2. On the foundation of Size: These kinds of industries are labeled relying on the quantity of capital invested, wide variety of humans employed and the quantity of production.
• Large Scale Industries
• Small Scale Industries
• Cottage or Household Industries

3. On the groundwork of Ownership: These kinds of industries are labeled on the foundation of ownership.
• Private Sector Industries
• Public Sector Industries
• Joint Sector Industries
• Co-operative Sector Industries
• Multinational Corporations

Hence, the correct option is D.

Note: Small scale industries use very little capital.The craftsmen comply with standard methods while making their merchandise and contemporary science has no area here. The capital invested via small scale industries is very small. Basket weaving, Pottery , handicrafts, silk weaving, meals processing and dress-making are all small-scale Industries.Large scale industries make investments massive capitals. The technological know-how used is very most advantageous and the giant portions of the product are manufactured. The labor pressure concerned in giant scale industries is additionally very large. Automobile industry, manufacture of client items like Television sets, iron and metal industries can be categorised beneath massive scale industries.