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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