Question

Read the following statements-carefully and choose one of the correct alternatives given below:

Statement (1): Industry is said to be large scale industry if investment in fixed assets is at least ₹ 10 crore.

Statement (2): Environment includes biotic and non-biotic elements.

Options

• Both statements are true.

• Both statements are false.

• Statement 1 is true, Statement 2 is false.

• Statement 2 is true, Statement 1 is false.

Answer 1

Both statements are true.

Explanation:

Statement (1): This is a commonly accepted criteria for classification of large scale industries in India, where a fixed asset investment threshold of ₹ 10 crore (or similar amount depending on latest definitions) is used to define large scale industries. So this statement is true.

Statement (2): This statement is true as well, since the environment comprises living (biotic) components such as plants, animals, microbes and non-living (abiotic or non-biotic) components such as air, water, soil, temperature, etc.