Identify the correct statements about knowledge based industries.
A. Pharmaceuticals, health, biotech, telecommunications are some of the examples of knowledge based industries.
B. Tier-I Industries are the knowledge producers.
C. Tier-II industries are comprised by business innovators.
D. These industries do not face financial challenges due to huge amount of fixed assets.
Choose the correct answer from the options given below:

Correct option is A

The correct answer is: (a), A, B and C only
Pharmaceuticals, health, biotech, telecommunications are some of the examples of knowledge-based industries.
Tier-I Industries are the knowledge producers.
Tier-II industries are comprised by business innovators
Statement a, b and c are correct except d because these knowledge-based industries face financial challenges due to lack of fixed assets.
Information booster:
Knowledge-based industries refer to sectors that heavily rely on intellectual capabilities and expertise rather than physical inputs or natural resources. These industries are characterized by a high degree of technological dynamism and rapid innovation. They contribute significantly to economic growth, job creation and competitiveness in the global market.