Industries and Its Classification Exercise Question and Answers Part-II

 Industries and Its Classification Exercise Question and Answers Part-II

IV. Answers the following questions in a word or a sentence:

    1. What type of an industry is a handloom industry?

Ans: Cottage Industry

    2. What type of an industry is the sewing machine making industry?

Ans: Large scale Industry

    3. Joint Sector industry is jointly managed by whom?

Ans: Government agencies & Private Firms

    4. What type of an industry is the leather shoemaking industry?

Ans: Pastoral based Industry

V. Answer the questions briefly:

    1. Mention the chief characteristics of the cottage industry.

 Ans: The chief characteristic of the Cottage Industry is that only a little amount of money is needed to set up a cottage industry.

    2. What are the chief requirements of a large scale industry?

Ans: The chief requirements of a large scale industry are:

    a. This industry involves the use of huge machines that operate with power.

    b. Large number of Workers.

    c. Huge amount of Capital Investment with the complexity of management.

    d. A large amount of raw materials.