Which of the following statements are correct?
I. Consumer industries are those which produce goods directly for consumers.
II. A small-scale industry is classified based on the maximum investment allowed on the assets of a unit.
III. The public sector is owned and operated by a group of individuals.
IV. Light industries use light raw materials and produce light goods such as electrical goods industries.
Options:
A. I and II are true
B. Only I is true
C. II and IV are true
D. I, II and IV are true
Answer:
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So the correct answer is (d) - I, II and IV are true.
Explanation
Let’s check all the statements
- Statement I - Consumer industries are those which produce goods directly for consumers which is true .
- Statement II - A small-scale industry is classified based on the maximum investment allowed on the assets of a unit which is true .
- Statement III - The public sector is owned and operated by a group of individuals which is false .
- Statement IV - Light industries use light raw materials and produce light goods such as electrical goods industries which is true .
Thus, option ‘d’ is correct.
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