Single Answer MCQ
Q-00001377

How are industries classified based on their main role?

1

Consumer, capital, and basic industries

2

Agro-based, mineral-based, and forest-based industries

3

Private, public, and joint sector industries

4

Small scale, medium scale, and large scale industries

Answer and Solution

Answer

A. Consumer, capital, and basic industries

Solution:

Industries can be classified based on their main role into categories like consumer industries (producing goods for direct consumption), capital goods industries (manufacturing machinery and equipment), and basic goods industries (producing essential goods for other industries). Therefore, the correct answer is 'Consumer, capital, and basic industries'.

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