Part of: Jharkhand Gk set 2

With reference to the GSDP of the state, The major source of revenue for Jharkand is

Category: Jharkhand Gk

Hint: Consider the major industries and natural resources of Jharkhand.

Correct Answer: C) Mineral resources, Industrial Manufacturing.

Exam Relevance: UPSC, SSC, State PSC

Difficulty: Moderate

Explanations:

Jharkhand, located in the eastern part of India, is known for its rich mineral resources and industrial manufacturing, which are the primary sources of revenue for the state. The Gross State Domestic Product (GSDP) is a measure of the economic output of a state, and in the case of Jharkhand, it is significantly influenced by these sectors.

Mineral resources are a crucial part of Jharkhand's economy. The state is endowed with a variety of minerals, including coal, iron ore, copper, mica, and bauxite. These minerals are not only abundant but also of high quality, making them valuable for both domestic and international markets. The mining and extraction of these minerals contribute substantially to the state's revenue and are a key driver of economic growth.

Industrial manufacturing is another significant sector that contributes to Jharkhand's GSDP. The state has a well-established industrial base, with industries such as steel, aluminum, and cement being prominent. These industries are often closely linked to the mineral resources available in the state, as they use these minerals as raw materials. The presence of these industries not only generates revenue but also provides employment opportunities, further boosting the state's economy.

While agriculture and sericulture are present in Jharkhand, they are not the primary sources of revenue. Agriculture, although important for the livelihood of many people, does not contribute as significantly to the state's GSDP as the mineral and industrial sectors. Similarly, sericulture, which involves the production of silk, is not a major economic activity in Jharkhand compared to the mineral and industrial sectors.

Therefore, the correct answer is that the major sources of revenue for Jharkhand are mineral resources and industrial manufacturing. These sectors are the backbone of the state's economy and play a crucial role in its economic development and growth.

Option Analysis:
  • Option A: This option is incorrect because while mineral resources are a significant source of revenue, agriculture is not the primary contributor to Jharkhand's GSDP. The state's economy is more heavily reliant on industrial activities and mineral extraction.
  • Option B: This option is incorrect because although industrial manufacturing is a major source of revenue, sericulture is not a significant contributor to Jharkhand's GSDP. The state's economy is more dependent on mineral resources and industrial activities.
  • Option C: This option is correct because mineral resources and industrial manufacturing are the primary sources of revenue for Jharkhand. The state is rich in minerals and has a strong industrial base, which significantly contributes to its GSDP.
  • Option D: This option is incorrect because aquaculture and sericulture are not the major sources of revenue for Jharkhand. The state's economy is more dependent on mineral resources and industrial manufacturing.

Mnemonic: MIM: Mineral resources, Industrial Manufacturing

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