What are basic or key industries?

(A) An industry which supplies their products as raw materials to manufacture other goods.

(B) An industry which produces goods for direct use by consumers.

(C) An industry defined with reference to the maximum investment.

(D) An industry that uses light raw materials and produces light goods.

 

Answer:

So, the correct answer is (A) - An industry which supplies their products as raw materials to manufacture other goods.

Explanation

  • Basic or key industries are those which supply raw materials to manufacture other goods e.g. iron and steel and copper smelting, aluminium smelting.
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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.