Question

What is the basis on which the subdivisions in a Geological time scale are made

Answer 1

 The geologic time scale is divided into periods, which are then divided into epochs, which are further divided into ages. For example, the time of the dinosaurs lasted 3 periods (Triassic, Jurassic, Cretaceous), each period had 3 epochs (late, early, middle), and each age fit into one of those. Many epochs have more than 1 age associated with them. 
As for the basis for differentiating the eras, I'm not so sure. The only one I can say for sure is the end of the Cretaceous, which is when the dinosaurs suddenly became extinct due to a meteor impact. I think the divisions are based on significant, global-scale events that changed the world.

Sorry its so long but that the answer i think >:) ur welcome