Which of the following is true about household industries? 1.It has high commercial significance. 2.Local tools are used. 3.It is highly capital investment. 4.Local raw material is used.

Only 1 and 2 Only 2 and 3 Only 1 and 4 Only 2 and 4

Only 2 and 4

In Household industries or Cottage manufacturing local raw materials and local tools are used and it is less capital intensive and has low commercial significance.