Question

Iron and Steel industry is:

• A. Basic industry
• B. Footloose industry
• C. Cottage industry
• D. Small scale industry

Hint:

Basic industries like Iron and Steel provide raw materials for other industries, forming the foundation of industrial development.

Answer 1

The Correct Option is A

Step 1: Understanding the question.
The question asks about the category to which the Iron and Steel industry belongs. Industries are classified based on their function, size, and role in the economy.
Step 2: Explanation.
The Iron and Steel industry forms the base for the growth of several other industries such as engineering, automobiles, shipbuilding, machinery, and construction. Hence, it is known as a Basic Industry.
- Footloose industry: These are industries not dependent on location factors (e.g., software, jewelry).
- Cottage industry: These are small-scale, home-based industries.
- Small scale industry: Involves limited investment and labor.
Step 3: Conclusion.
Therefore, the Iron and Steel industry is a Basic Industry.