Question

Which of the following statements is wrong regarding industry?

1. Extractive industries are those industries which are concerned with the discovery and extraction of natural resources.
2. Genetic industries are those industries which are concerned with reproducing and multiplying plants and animals.
3. Manufacturing industries are those industries which are concerned with providing commercial services.
4. Industries which employ complex technology and long production cycles are called heavy industries.

Options

• (i) is wrong.

• Only (iii) is wrong.

• (i), (ii), (iv) are wrong.

• None of them

Answer 1

Only (iii) is wrong.

Explanation:

1. Extractive industries involve discovery and extraction of natural resources, such as mining and fishing, which is correct.
2. Genetic industries deal with reproducing and multiplying plants and animals for profit, including agriculture, dairy farming, and poultry, which is correct.
3. Manufacturing industries convert raw materials into finished goods, not provide commercial services, so this statement is wrong.
4. Heavy industries employ complex technology and have long production cycles, which is correct.