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How does the inauguration of Bihar's first dry port in Bihta benefit the state's economy?
  • a)
    It decreases the need for local manufacturing
  • b)
    It increases the cost of exporting goods
  • c)
    It boosts exports and enhances transportation efficiency
  • d)
    It limits trade with neighboring states
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
How does the inauguration of Bihar's first dry port in Bihta benefit t...
The inauguration of Bihar's first dry port in Bihta significantly benefits the state's economy by boosting exports and enhancing transportation efficiency. The dry port facilitates the export of various key products from Bihar, such as leather goods, fruits, and garments, by improving cargo handling and logistics. It allows for local management of customs processes, reducing transportation costs for businesses. This strategic infrastructure not only aids Bihar but also supports regional trade with neighboring states, fostering economic growth in eastern India. An additional fact is that dry ports play a crucial role in connecting inland areas to international shipping routes, thereby expanding market access for local producers.
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How does the inauguration of Bihar's first dry port in Bihta benefit the state's economy?a) It decreases the need for local manufacturingb) It increases the cost of exporting goodsc) It boosts exports and enhances transportation efficiencyd) It limits trade with neighboring statesCorrect answer is option 'C'. Can you explain this answer?
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How does the inauguration of Bihar's first dry port in Bihta benefit the state's economy?a) It decreases the need for local manufacturingb) It increases the cost of exporting goodsc) It boosts exports and enhances transportation efficiencyd) It limits trade with neighboring statesCorrect answer is option 'C'. Can you explain this answer? for CUET Commerce 2024 is part of CUET Commerce preparation. The Question and answers have been prepared according to the CUET Commerce exam syllabus. Information about How does the inauguration of Bihar's first dry port in Bihta benefit the state's economy?a) It decreases the need for local manufacturingb) It increases the cost of exporting goodsc) It boosts exports and enhances transportation efficiencyd) It limits trade with neighboring statesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CUET Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How does the inauguration of Bihar's first dry port in Bihta benefit the state's economy?a) It decreases the need for local manufacturingb) It increases the cost of exporting goodsc) It boosts exports and enhances transportation efficiencyd) It limits trade with neighboring statesCorrect answer is option 'C'. Can you explain this answer?.
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