Question

Which of the following statement/s are incorrect ?

1. Village industries are large-scale industrial activities situated in rural areas that involve significant capital investment
2. Cottage industries, also recognized as rural or traditional industries, are typically small-scale industrial activities often found in rural settings.
3. Cottage industries are not categorized or restricted by specific capital investment criteria.

• A. All
• B. i, iii
• C. i only
• D. iii only

Answer 1

Answer:

C. i only

Village Industries:

• Village industries refer to any industrial activities situated in rural areas that involve the production of various goods or the provision of services, with or without the use of power.
• These industries are characterized by the central government's specification of the fixed capital investment per individual artisan or worker, which may be subject to periodic revisions over time.

Cottage Industries:

• Cottage industries, also recognized as rural or traditional industries, are typically small-scale industrial activities often found in rural settings.
• Unlike other small-scale industries, they are not categorized or restricted by specific capital investment criteria.
• These industries are commonly associated with the production of goods using traditional methods and are often centered around household or small community-based production units.