Question
Download Solution PDFMatch the following types of industries to their examples:
| a) | Agro based industry | i) | Hotels and Restaurants |
| b) | Public sector industry | ii) | Iron and steel industry |
| c) | Private sector industry | iii) | Silk textile |
| d) | Mineral based industry | iv) | BHEL and SAIL |
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is a - iii, b - iv, c - i, d - ii.Key Points
| Industry | Example |
| Agro-based industry | Silk textile |
| Public Sector Industry | BHEL and SAIL |
| Private Sector Industry | Hotels and Restaurants |
| Mineral-based Industry | Iron and Steel Industry |
Additional InformationAgro-based Industry:
- Industries that are connected to agriculture, either directly or indirectly.
- A wide range of industrial, manufacturing, and processing operations based on agricultural raw materials are covered, along with operations and services that serve as agricultural inputs.
- It promotes the growth of the rural economy.
- It offers employment opportunities to people living in rural areas.
- It promotes balanced industrial and agricultural growth.
- Example: Textiles, vegetable and fruit processing units, rice mills, biofuel, paper, etc.
Public Sector Industry:
- It refers to the industry that is owned and operated by the government.
- It can make investments in important economic sectors like manufacturing, services, and infrastructure.
- It offers people necessary services at reasonable costs.
- It makes investments in less developed areas in an effort to lessen regional inequality.
- Examples: National Thermal Power Corporation (NTPC), Gas Authority of India Limited (GAIL), Coal India Limited (CIL), etc.
Private Sector Industry:
- It refers to an industry that is owned and operated by private individuals or companies.
- The private sector comprises a variety of organizations, such as partnerships, single proprietorships, cooperative societies, businesses, and multinational enterprises.
- In order to survive over the long term, they also prioritize meeting the demands of their clients.
- Private sector companies obtain their capital from their owners, loans, the issuance of shares and debentures, etc.
- Example: Aviation, Real Estate, Media, etc.
Mineral-based Industry:
- It refers to the industry that uses metals and mineral ores as raw materials for manufacturing goods.
- India topped the list of countries producing wipe iron and came in second place globally in the 2018 rankings for producers of (crude) steel.
- Example: Copper smelting industry, Lead and zinc smelting industry, Cement industry, Aluminium industry, etc
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