Question

Which of the following statements are true

A. Establishment of industries involves daily exchange of crores of rupees

B. The areas with better banking facilities are better suited to the establishment of industries.

• A. Only A
• B. Both A and B
• C. Only B
• D. None of these

Answer 1

Answer: (B)

[A] Establishment of industries involves the daily exchange of crores of rupees-

Large Scale Industries requires huge infrastructure and manpower with an influx of capital assets. Establishment of industries involves the daily exchange of crores of rupees more than one hundred million rupees or Rs. 10 crores.

[B] The areas with better banking facilities are better suited to the establishment of industries.-

Water is another important requirement for industries. Many industries are possible;e near the rivers, canals and lakes due to these facts. Iron and steel industry, textile industries and chemical industries are always demanding large quantities of water.

Above explanation proves that both statements are correct.So correct option is C.