29 Views

Question : The best exmple of a capital intensve industry in India is

Option 1: Textile industry

Option 2: Steel industry

Option 3: Tourism industry

Option 4: Sports goods industry


Recommended : Get important details about BEL First Grade College, Bangalore. Download Brochure
Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

Correct Answer: Steel industry


Solution : The correct option is Steel industry.

 

The steel industry in India is capital-intensive because it requires substantial investments in machinery, infrastructure, and specialized facilities like blast furnaces and rolling mills. It also demands significant capital for raw materials like iron ore and coal, as well as for energy and transportation. Expanding and modernizing steel production capacity involves substantial financial resources. This sets it apart from labor-intensive industries where a larger portion of costs come from labor. This capital-intensive nature reflects the industry's technological sophistication and its crucial role in India's industrialization and economic development.

Compare Colleges

College Comparison based on Courses, Placement, Rank, Fee

Compare Now

Know More About

Related Questions

Amity University, Noida BBA A...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Manav Rachna-MRIIRS B.A Admis...
Apply
Recognized as Category-1 Deemed to be University by UGC | 41,000 + Alumni Imprints Globally | Students from over 20+ countries
Amity University | BCA Admiss...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
UPES | BBA Admissions 2026
Apply
#36 in NIRF, NAAC ‘A’ Grade | 100% Placement, up to 30% meritorious scholarships
Amity University, Noida B.Com...
Apply
Ranked as India’s #1 Not for profit pvt. University by India Today
UPES Dehradun BA Admissions 2026
Apply
Ranked #45 Among Universities in India by NIRF | 1950+ Students Placed, 91% Placement, 800+ Recruiters
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books