Business Studies

Which of the following is /are included in 'traditional small industries'? 
(I) Khadi and handloom
(II) Village industries
Select the correct answer from the option given below.


ANSWER

Both(I) and (II)


SOLUTION
Traditional small industries include both Khadi and Handloom and Village Industries.
 Examples of traditional small industries are khadi and handloom, village industries, handicrafts, sericulture, etc.
The traditional industries of India include handloom, handicrafts, coir, cashew,beedi, tiles and bricks and other household industrial activities carried out in the rural parts of the country. They are labour intensive and rely on skills passed on from one generation to another generation. However, they are mostly non-viable as they have not modernized themselves to cater to the changing demand conditions and their marketing strategies are often not well planned or executed. As a result, many of these industries depend on subsidies for survival and lack a commercial orientation.
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Single Correct Medium Published on 18th 08, 2020
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