Match List-I with List-II
| List-I | List-II | ||
|---|---|---|---|
| Classification of Industries | Example | ||
| (A) | Based on the strength of labor | (I) | Small Scale Industry |
| (B) | Based on Ownership | (II) | Co-operative sector |
| (C) | Based on Raw Material | (III) | Heavy Industry |
| (D) | Miscellaneous | (IV) | Village Industries |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
Industries are classified in several ways, and each basis gives its own kind of industry:
(A) Based on the strength of labor — this matches (I) Small Scale Industry. By size, that is the number of workers and the capital employed, industries are small scale or large scale.
(B) Based on Ownership — this matches (II) Co-operative sector. By who owns them, industries are in the private, public, joint or co-operative sector; a co-operative is owned and run by its producers or workers, as in the sugar co-operatives of Maharashtra.
(C) Based on Raw Material — this matches (III) Heavy Industry. By the bulk and weight of the raw materials and goods, industries are heavy (iron and steel) or light (electrical goods).
(D) Miscellaneous — this matches (IV) Village Industries. Village and cottage industries, run in homes with simple tools and local materials, fall outside the main groupings.