| I. Cottage industry is run by family members on full or part time basis. |
| II. It possesses negligible capital investment. |
| III. The production is done by hands and no wage earning person is employed in cottage industry. |
A) I & II
B) II & III
C) Only II
D) All the above
Correct Answer: D
Solution :
Cottage industry is run by family members on full or part time basis. It possesses negligible capital investment. The production is done by hands and no wage earning person is employed in cottage industry.
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