📚 Part of: Jharkhand Geography And Economy Mcqs

Minerals found in Jharkhand are worth Rs .....

Category: Jharkhand Gk

Correct Answer: D) 15, 000 Crore.

Exam Relevance: Jharkhand PSC, UPSC, State-level competitive exams

Difficulty: Moderate

Concept notes:

Jharkhand is one of the richest states in India in terms of mineral resources. The state is known for its vast deposits of coal, iron ore, copper, mica, bauxite, and other minerals. The economic value of these minerals is significant, contributing substantially to the state's economy and national GDP.

Common Mistakes:
  • Students may confuse the economic value of minerals with the total land area or the number of mineral types found in Jharkhand.
  • They might also misinterpret the monetary units, leading to incorrect answers.
Explanation:

Jharkhand, located in eastern India, is renowned for its rich mineral resources. The state is a significant contributor to India's mineral wealth, with a diverse range of minerals including coal, iron ore, copper, mica, bauxite, and others. The economic value of these minerals is a critical factor in understanding the state's economic importance and its contribution to the national GDP.

The correct answer to the question is (D) 15, 000 Crore. This value represents the total economic worth of the minerals found in Jharkhand. The state's mineral wealth is a result of its geological formation and the presence of various mineral deposits across its territory. The economic value of these minerals is calculated based on their market prices and the quantity available.

It is important to note that the value of minerals can fluctuate based on market conditions, demand, and supply. However, the given value of 15, 000 Crore is a widely accepted estimate of the economic value of minerals in Jharkhand.

Understanding the economic value of minerals in Jharkhand is crucial for students studying economic geography, state economies, and the role of natural resources in economic development. The state's mineral wealth not only contributes to its economic growth but also plays a significant role in the national economy.

The other options provided in the question are incorrect due to either underestimation or overestimation of the mineral wealth. Option A suggests a value of 1, 00, 00, 000 Crore, which is significantly lower than the actual value. Option B states a value of 13, 00, 000 Lakhs, which is equivalent to 1, 300 Crore, also underestimating the actual value. Option C suggests an extremely high value of 12, 37, 52, 03, 675 Crore, which is far beyond the actual value.

In conclusion, the correct answer is (D) 15, 000 Crore, reflecting the accurate economic value of the minerals found in Jharkhand. This understanding is essential for students preparing for competitive examinations that cover economic geography and state economies.

Option Analysis:
  • Option A: This option suggests a value of 1, 00, 00, 000 Crore, which is significantly lower than the actual value of minerals in Jharkhand. This could be a plausible answer if students underestimate the mineral wealth of the state or misinterpret the monetary units.
  • Option B: This option states a value of 13, 00, 000 Lakhs, which is equivalent to 1, 300 Crore. This is incorrect as it underestimates the actual value of minerals in Jharkhand. Students might choose this option if they are not familiar with the correct economic value or if they misinterpret the monetary units.
  • Option C: This option suggests an extremely high value of 12, 37, 52, 03, 675 Crore, which is far beyond the actual value of minerals in Jharkhand. This could be a plausible answer if students overestimate the mineral wealth or misinterpret the monetary units.
  • Option D: This option correctly states the value of minerals in Jharkhand as 15, 000 Crore. This is the correct answer as it accurately reflects the economic value of the mineral resources found in the state. Students who are familiar with the economic geography of Jharkhand and the correct monetary units would choose this option.

Mnemonic: Jharkhand's mineral wealth can be remembered as "15K Crore" for quick recall.

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