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Q72 (CDS-I/2004) Economy › Industry, Infrastructure & Investment › Industrial growth trends Answer Verified

Which of the following are locational factors to consider for choice of a location for starting an industry? I.Finance II. Availability of skilled workers III. Availability of raw material IV. Infrastructure V. Feasibility study

Result
Your answer: —  Â·  Correct: B
Explanation

The correct answer is Option 2 (II, III, IV) because locational factors specifically refer to geographical or physical attributes of a site that influence industrial placement.

  • Availability of Raw Material (III): Proximity reduces transportation costs, especially for weight-losing industries like iron and steel.
  • Availability of Skilled Workers (II): Access to a specialized labor pool is a critical human requirement for industrial operations.
  • Infrastructure (IV): Essential physical facilities like power, transport networks, and water supply are fundamental locational determinants.

Why other factors are excluded: Finance (I) is a capital requirement rather than a site-specific geographical factor; it is mobile and can be acquired regardless of location. A Feasibility Study (V) is a procedural tool used to evaluate a project's viability, not a physical attribute of the location itself. Thus, while all are important for business, only II, III, and IV are strictly categorized as locational factors.

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