Given below are two statements:
Statement I: Materials and parts are industrial goods that enter the manufacturer’s products completely.
Statement II: Glass, iron and plastic are component parts under manufactured material and parts.
In the light of the above statements, choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Statement I is correct but Statement II is incorrect.
Statement I: Materials and parts are industrial goods that enter the manufacturer’s products completely. — True. Materials and parts become part of the finished product. They include raw materials, and manufactured materials and parts.
Statement II: Glass, iron and plastic are component parts under manufactured material and parts. — False. Glass, iron and plastic are component materials. Component parts are ready parts such as a tyre, electric bulb, steering and battery.
NCERT (2026-27 Edition): “Classification The industrial goods are classified into the following major categories: |