Match the Industry type and basis on which it is (how it is) classified

Choose the correct answer from the options given below :

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

The correct answer is Option (2) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Industries are classified in a number of ways.

On the basis of size, capital investment and labour force employed, industries are classified as large, medium, small scale, and cottage industries.

On the basis of ownership, industries are categorised as : (i) public sector, (ii) private sector, and (iii) joint and cooperative sector. Public sector enterprises are government/state controlled companies or corporations funded by governments. Industries of strategic and national importance are usually in the public sector.

Industries are also classified on the basis of the use of their products such as : (i) basic goods industries, (ii) capital goods industries (iii) intermediate goods industries, and (iv) consumer goods industries.

Another method of classifying industries is on the basis of raw materials used by them. Accordingly, these can be : (i) agriculturebased industries, (ii) forest-based industries, (iii) mineral-based industries, and (iv) industrially processed raw material based industries.