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India alone accounts for nearly ____ per cent of the world’s total iron-ore reserves
  • a)
    50
  • b)
    20
  • c)
    30
  • d)
    40
Correct answer is option 'B'. Can you explain this answer?
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India alone accounts for nearly ____ per cent of the world’s tot...
Iron-Ore Reserves in India
India is one of the leading producers of iron ore in the world and has significant iron ore reserves.

Percentage of World's Total Iron-Ore Reserves
- India alone accounts for nearly 20 per cent of the world's total iron-ore reserves.
- This puts India in a prominent position globally in terms of iron ore resources.

Significance of India's Iron-Ore Reserves
- The abundance of iron ore reserves in India plays a crucial role in the country's industrial development.
- It helps in meeting the domestic demand for iron and steel production.
- The availability of iron ore reserves also contributes to India's export potential in the global market.

Impact on Economy
- The presence of substantial iron ore reserves boosts the economy by supporting the iron and steel industry.
- It creates employment opportunities and drives economic growth in the region where mining activities are prevalent.
- The export of iron ore further adds to the country's foreign exchange earnings.
In conclusion, India's significant iron ore reserves, accounting for nearly 20 per cent of the world's total reserves, underline the country's importance in the global iron and steel industry.
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India alone accounts for nearly ____ per cent of the world’s total iron-ore reservesa)50b)20c)30d)40Correct answer is option 'B'. Can you explain this answer?
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