As per the classification of industries by output which of the following are basic industries 1 Iron...........

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As per the classification of industries by output, which of the following are basic industries?

1. Iron and steel industry

2. Copper refining

3. Mobile manufacturing

4. A cottage industry of soapmaking

Select the correct answer using the code given below.

1, 2 and 3 only

3 and 4 only

1 and 2 only

1, 2, 3 and 4

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Explanation:

Industries can be classified based upon various factors such as ownership, inputs, outputs, etc.
Based on the output, industries can be classified as:
Basic industries: Industries whose products are used to produce other goods.

Iron and steel industry, copper refining industry is one of the basic industries because steel & copper produced by this industry is used in many other industries as a raw material.
Some basic industries produce machines which are used to produce other goods.

Non-basic or consumer goods industries: Industries which produce goods for direct consumption such as tea, bread, soap and television.