Explanation:

• Option A (Utilities): Incorrect. Utilities are classified as non-cyclical. Non-cyclical industries include sectors like food and beverage, household and personal care products, health care, and utilities.

• Option B (Industrials): Correct. Cyclical industries and broader sectors include autos, housing, basic materials, industrials, and technology.

• Option C (Health care): Incorrect. Health care is classified as non-cyclical, similar to utilities and other sectors like food and beverage and household and personal care products.

This question tests the understanding of cyclical versus non-cyclical industries, a key concept in equity investments.